Starbucks sales continue comeback but the pace slows
Coffee chain offers sales update
At a JPMorgan conference, Starbucks revealed that US comp sales were down 11% in August. That's a continued sign of improvement as the pandemic continued, even with high case rates in parts of the country in Aug.
In China, sales are now unchanged versus a year ago compared to -10% in July.
Nationally, JPMorgan's US card spending trackers have also climbed in September so there is likely some more good news in the pipeline: