Starbucks Recoups Nearly Two-Thirds Of Comparable U.S. Sales As Stores Reopen
Starbucks Corp said on Thursday it had regained nearly two-thirds of its comparable U.S. store sales from the prior year, as it reopened stores and modified operations due to the coronavirus-related restrictions.
The coffee-chain said it was tracking slightly above its expected recovery as it opened a large number of outlets in the United States in the second week of May.
The company had said it expects to reopen nearly 90% of stores in June. Still, it warned on Thursday it would take time to fully recover and post positive comparable store sales growth.