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Starbucks Begins To Reopen Stores In US; Sees Comp Sales Fall 10% Worldwide

Written by The Ashton Report

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…

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