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Starbucks earnings bounce on US sales comeback

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Coffee giant’s global sales also show a huge surge in China as customers return. FMTNews Starbucks

NEW YORK: Profits at Starbucks doubled in the most recent quarter following a return to sales growth in the Americas after declining due to Covid-19 lockdowns, the coffee giant reported Tuesday.

The results “demonstrated impressive momentum in the business with full sales recovery in the US”, the chain’s Chief Executive Kevin Johnson said.

 

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