After four straight quarters of sales declines, Starbucks returned to growth in the January-March period. The Seattle-based coffee giant said its sales rose 11% to $6.7 billion in the quarter. According to analysts polled by FactSet, that was just shy of Wall Street’s forecasts. Starbucks said its global same-store sales — which are sales at stores open at least a year — jumped 15%, their first increase in a year. In China, same-store sales rocketed up 91%, reflecting a recovery from store closures at this time last year. While Starbucks saw a 4% decline in store visits globally, those who visited spent more on snacks and frothy drinks, the company said.
Starbucks returns to sales growth in its fiscal Q2
