Starbucks sales continue comeback but the pace slows – ForexLive

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:

JPM tracker

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