Starbucks waits for Chinese market to recover
On February 2, Starbucks released its financial report for the first fiscal quarter of 2023 as of January 1, 2023. During the reporting period, Starbucks’ consolidated net income rose 8% to $8.7 billion, a company record. However, Starbucks’ international same-store sales fell by 13% year-on-year, of which China’s same-store sales fell by 29%, and same-store […]
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