Starbucks, which operates the majority of its stores in the US and China, took a 10% same-store-sales hit for the company’s 2Q/20, equivalent to 1Q calendar. Net revenues fell 5%. Comp sales fell 3% in the US as transaction were off 7%. Comp sales and transactions fell 31% and 32% respectively in intl. markets. The…
Starbucks Begins To Reopen Stores In US; Sees Comp Sales Fall 10% Worldwide
