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Thndr Claps » U.S. Claps » Nasdaq 🔔 » Starbucks exits Russia after 15 years☕

Starbucks exits Russia after 15 years☕

by Shams Abbas
May 23, 2022

The Clap
Following in McDonald’s footsteps, Starbucks will leave Russia for good after 15 years in business.

The deets
Like McDonald’s, the coffee giant also suspended its Russia operations last March. 
Unlike McDonald’s, Starbucks didn’t specify the financial impact the suspension of operations had on its earnings.

Why this matters
Starbucks’ 130 Russia locations accounted for less than 1% of the company’s revenue. 

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