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Starbucks Sales Recovery Has ‘a Ways to Go’ as Pandemic Quiets Cities

by Bioreports
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Starbucks Corp. said its sales recovery in the U.S. is at least another six months away as consumers continue to work from home and many of its stores in central business districts remain closed.

Comparable sales at Starbucks’s company-owned stores in U.S. urban centers are still down from last year as many workers haven’t returned to offices due to the pandemic, Chief Financial Officer Pat Grismer said Tuesday. Roughly 3% of the 8,900 stores in the U.S. that Starbucks owns remain closed, most of them in city centers, Mr….

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