Starbucks same-store sales in U.S. and China improve as company reopens cafes

Starbucks CEO Kevin Johnson wrote in a letter to employees on Thursday that the company has regained about 60% to 65% of its U.S. same-store sales over the last week.In China, where cafes have been reopened longer, same-store sales are down only about 20%.

CEO Kevin Johnson wrote in a letter to employees on Thursday that the company has regained about 60% to 65% of its U.S. same-store sales over the last week, compared to the same period a year ago. Starbucks has reopened more than 85% of its U.S. locations with modified operations. In China, where cafes have been reopened longer, same-store sales are down only about 20%, "reflecting gradual improvements over the past several weeks," according to Johnson.

Trump knew in November Death was coming and he did nothing didn’t want to spook the stock market

America, we are almost back. We need to get Democratic Governors on board and following the science.

🤮sugary syrupy brown water!!

The pandemic taught people what a ripoff Starsucks coffee is. They can brew their own better and cheaper.

are you incapabe of doing any real financial journalism or are you simply the marketing department for your various corporate crony sponsors and wall street bum chums in disguise?

It's just coffee, and lousy burnt beans at best. Go elsewhere.

I went to Starbucks last week and pulled up to the drive thru. I sat there until a long line formed behind me then I realized the drive thru was closed. I left the long line I started to fend for themselves Starbucks please put up signs!!! 👀🤦🏽‍♀️

what a win for $SBUX, no matter how people could get it, they'll always find a way to get their coffee

They are racist ! Boycott

Chemical addictions need to be serviced.

Yes, it's difficult to imagine revenues of $ 0 from a closed store can get worse...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business group cautions U.S. on 'reshoring' too much China supplyThe U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy. esaagar where we're these guys when the US lost whole industries.... the last 10 years.... oh probably listening to the lack of imagination and creativity and accepting the inevitability of this guy In which the U.S. Chamber of Commerce lets us know that their members really, really don't want to bring American jobs back to America.
Source: Reuters - 🏆 2. / 97 Read more »

China stocks up food and oil supplies as coronavirus spurs fears about shortagesFood and energy security have always been important for China, but the pandemic has underscored these concerns. Conversations between P. Poroshenko, J. Biden and J. Kerry, confirming the facts of international corruption, treason and external governance of Ukraine Still promoting China
Source: CNBC - 🏆 12. / 72 Read more »