Starbucks

Starbucks reported an acceptable earnings picture for Q4 to Wall Street Thursday: strong US sales, weaker margins due to cost inflation and their partner and equipment upgrades; negative but sequentially better results in China due to COVID restrictions, and strong results in other international markets. Of the results that matter most to us, US comps…

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Starbucks

And still more on Starbucks, it reported Q4 earnings yesterday, reporting that it continued to show improvement in North America while China is recovering from another COVID cycle. In the US, same store sales (sss) were up 22% against 2020 numbers with traffic up 19% and average ticket up 3%. On a 2-year basis, sss…

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