Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Starbucks reports decline in Q4 results with signs of recovery

Xinhua | Updated: 2020-10-30 17:20
Share
Share - WeChat
Starbucks joins plant-based innovators Beyond Meat, Inc and Oatly to launch new products in its stores in China on April 21. [Photo provided to chinadaily.com.cn]

SAN FRANCISCO -- Starbucks on Thursday reported financial results for its 13-week fiscal fourth quarter ending Sept 27, 2020, with the consolidated net revenues of $6.2 billion, down 8 percent from the prior year primarily due to lost sales related to the COVID-19 outbreak.

The company's Non-GAAP earnings per share were $0.51, down from $0.70 in the prior year. Its full-year consolidated net revenues amounted to $23.5 billion, 11.3 percent down from the prior year, according to the quarterly report.

The fourth-quarter comparable store sales decreased 9 percent in the United States and 3 percent in China, demonstrating a sustained recovery, the company said.

In the United States, the company finished the quarter with a comparable store sales decline of 4 percent in September, a vast improvement from the approximately 60 percent decline experienced at the depth of the pandemic five months ago. In the fourth quarter, approximately 75 percent of US sales volume came from the drive-thru and Mobile Orders.

The company also saw a rebound in the number of active Starbucks Rewards (SR) members, which grew 10 percent year-over-year to 19.3 million members in the United States.

The company opened 480 net new stores in the fourth quarter, yielding a 4-percent year-over-year unit growth, ending the period with 32,660 stores globally, of which 51 percent were company-operated and the other 49 percent were licensed, said the report.

Stores in the United States and China comprised 61 percent of the company's global portfolio, with 15,337 and 4,706 stores respectively.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 波多野结衣456| 天堂资源最新版在线官网| 最近中文字幕更新8| 免费毛片在线播放| 黑人巨茎美女高潮视频| 天天想你在线视频免费观看| 久久国产乱子伦精品免费不卡| 欧美黑人两根巨大挤入| 四虎成人精品免费影院| 四虎国产永久免费久久| 天天摸天天摸色综合舒服网| 久久99国产精品视频| 欧洲美女与动zooz| 人久热欧美在线观看量量| 老外毛片免费视频播放| 国产换爱交换乱理伦片| 97夜夜澡人人爽人人| 幻女free性zozo交| 久久久无码精品亚洲日韩蜜桃| 欧美怡红院成免费人忱友;| 免费一级毛片在线视频观看| 苍井苍空A免费井线在线观看| 国产精品19禁在线观看2021| 99视频精品国在线视频艾草| 打扑克又痛又叫原声| 九九久久99综合一区二区| 欧美色图一区二区| 免费无码一区二区三区| 蜜桃臀av高潮无码| 国产猛男猛女超爽免费视频| 99免费视频观看| 幻女free性zozozoxxxxx| 久久久久久亚洲av无码蜜芽| 欧美一级日韩一级亚洲一级| 亚洲精品无码专区在线播放| 精品国产亚洲第一区二区三区| 国产亚洲日韩在线a不卡| 久久亚洲最大成人网4438| 国产香蕉在线精彩视频| juy031白木优子中文字幕| 成人综合久久综合|