( ) -q-21- UNDATED (Correspondent Jeremy House) “Wall Street’s forecasts.” Starbucks reported record revenue in its fiscal third quarter as sales in China roared back to life. [CutID: <Cuts> STARBUCKS-CHINA-house-q-WEDam.mp3 Time: 21s Title: STARBUCKS-CHINA-house-q-WEDam Out-cue: Wall Street’s forecasts] TAG: Correspondent Jeremy House reporting. Starbucks’ global same-store sales increase of 10% was also lower than Wall […]
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Starbucks reports record revenue as China booms, but sales still fall short of expectations
( ) -q-21- UNDATED (Correspondent Jeremy House) “Wall Street’s forecasts.”
Starbucks reported record revenue in its fiscal third quarter as sales in China roared back to life.
[CutID: <Cuts> STARBUCKS-CHINA-house-q-WEDam.mp3
Time: 21s
Title: STARBUCKS-CHINA-house-q-WEDam
Out-cue: Wall Street’s forecasts]
TAG: Correspondent Jeremy House reporting. Starbucks’ global same-store sales increase of 10% was also lower than Wall Street’s forecast of 11%.
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VERBATIM: Same-store sales — or sales at stores open at least a year — jumped 46% in China, reversing last year’s declines due to COVID infections. The Seattle-based coffee giant said its revenue rose 12% to $9.2 billion in the 13 weeks ending July second. But that fell short of Wall Street’s forecasts.