Starbucks sales continue comeback but the pace slows

Author: Adam Button | Category: News

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.
Coffee chain offers sales update
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:
JPM tracker
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