Starbucks Corp. said customers are returning to its cafes quicker than expected, forecasting a return to sales growth next year.
The coffee giant on Thursday said same-store sales in its Americas region declined 9% in its latest quarter from last year’s period, a better result than analysts expected. The chain benefited from larger orders as consumers have tended to load up on food and drinks during less frequent trips. Still, Starbucks reported a 25% reduction in transactions during its fourth quarter ended Sept. 27.
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