Motley Fool: Profits Brewing?
(WorldNews Business)

Like most businesses, Starbucks (Nasdaq: SBUX) has suffered during the pandemic, with far fewer people grabbing refreshments on their way to or from work, and many indoor eating areas closed. In the company`s last reported quarter, revenue declined 38.1% year over year; that was better than expected, as consumers offset a 51% drop in traffic with much higher order sizes, up 23% from last year. On its conference call with analysts, management noted an accelerating improvement in U.S. store trends, with a 65% decline in traffic in mid-April improving to a 16% decline in late June. Its recovery in China also exceeded expectations. Starbucks isn`t standing still, waiting for the...