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The coffee chain is trying out indoor seating in accordance with local guidance, and more key takeaways from Starbucks’ Q3 results
Joanna Fantozzi
Starbucks has seen one of its toughest quarters yet as the coffee chain looks to continue on the road to recovery during the coronavirus pandemic. With a 40% decrease in global same-store sales driven by a 51% drop in traffic for the third quarter ended June 28, Starbucks predicts that their performance will stabilize in the U.S. by the middle of next year.
Here are some key takeaways from the Starbucks Q3 earnings call:
They are reopening café seating areas
By the end of the third quarter, Starbucks had reopened seating areas in 30% of company-operated stores — in compliance with local COVID-19 guidelines — which directly resulted in steady same-store sales improvement from negative 65% in April to negative 16% by the end of...
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