Starbucks Stock Begins to Tank

After getting crybullied by a pair of troublemakers of politically preferred pigmentation, Starbucks has thrown its characteristic pandering to political correctness into overdrive, subjecting employees to social justice brainwashing and allowing lowlifes to hang out and use the bathrooms without making purchases. According to the prevailing ESG wisdom, this should enhance the company’s bottom line. Let’s see how theory holds up against reality:

The coffee giant’s stock took a tumble Wednesday after CEO Kevin Johnson announced that Starbucks would close 150 company-owned stores next year instead of the expected 50, with an emphasis on underperforming shops in densely populated urban areas, and lowered growth projections.

Maybe even moonbats are capable of learning something from having laid a hand on a hot burner:

Johnson acknowledged that the decision to shut down 8,000 U.S. stores on May 29 for anti-bias training, driven by the high-profile arrests of two black men in Philadelphia, played a role in the company’s sluggish second-quarter performance.

Also playing a role in the profitability of Starbucks is the need to hire extra employees to clean up the mess bums make in the restrooms. You can see why they are closing stores at urban locations.

Starbucks shares fell Wednesday by 10 percent, hitting their lowest point in 52 weeks, while Morgan Stanley downgraded the company’s investment rating…

Looks like moonbattery is not a sound investment. If you have stock in Starbucks, dump it while you can.

On a tip from Lyle.

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