Starbucks' stock jumps on strong US and China sales growth

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Starbucks' stock jumps on strong US and China sales growth
France Dernières Nouvelles,France Actualités
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Starbucks hires 5,000 veterans and military spouses every year, its CEO Kevin Johnson says. “They make us a better company.”

as cafes in the U.S. and China attracted more customers."Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by 5% and total transactions by 13%," CEO Kevin Johnson said in a statement.

Excluding the sale of the Tazo brand, Nestle-related transaction costs and other items, Starbucks earned 70 cents per share, in line with estimates from analysts surveyed by Refinitiv.The company reported global same-store sales growth of 5%. Both the U.S. and China, its two biggest markets, reported strong same-store sales and increasing traffic.

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