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Starbucks profits edge higher despite China weakness

May 4, 2022
Source: digitaljournal.com digitaljournal.com
News Snapshot:
Interim Starbucks chief Howard Schultz faces a growing unionization push at US stores as the chain reported a modest increase in quarterly profits - Copyright AFP/File Saeed KHAN Robust sales in North America were offset by weakness in China as Starbucks reported a modest profit increase Tuesday as it boosts investment in US stores amid a unionization campaign. The coffee giant scored a 12 percent jump in comparable sales in North America, while suffering a 23 percent slide in China amid that country’s latest Covid-19 outbreak. Interim Chief Executive Howard Schultz said the chain was ramping up investments in “high-returning”...
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Tags: America | Business | China | Coffee | copyright | Covid-19 | customer | digital | EDGE | education | employee | executive | Giant | investment | IT | labor | New York | news | North America | profit | sales | shares | Starbucks | United States | USA

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