Starbucks reported a same-store sales increase of 11% over pre-COVID levels for the fourth quarter ended Oct. 3. The company said its performance was driven by its U.S. division, as international sales crept up 3% in comparison, partially offset by a decline in average ticket and a resurgence of COVID-19 in China. In late October, Starbucks also announced it would be raising hourly pay for the third time in just over a year, with average hourly pay reaching $17 an hour by summer 2022.