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Starbucks U.S. same-store sales improved slightly since last quarter and sales in China were positive for the first time since the pandemic began
Joanna Fantozzi
Starbucks’ performance is still on a long road to recovery, especially in its U.S. stores. The company reported in its earnings for the first quarter ended Dec. 27, 2020 that U.S. same-store sales had dropped 5% (an improvement from last quarter’s -9% same-store sales numbers). The company also reported positive same-store sales in China of 5% for the first time since the pandemic began. Starbucks CEO Kevin Johnson said that the company remains on track for a full recovery of their U.S. business by the end of the second quarter.
“This journey has not been linear and because we have operationalized our ability to monitor events in real-time and adapt to the changing conditions store-by-store, our recovery continues to track ...
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