Starbucks’s China Sales Slow With Covid-19 Bout

Starbucks Corp. said its U.S. sales were strong during its most recent quarter, though the pandemic’s resurgence in China dragged on the coffee chain’s revenue.

For its fourth quarter ended Oct. 3, Starbucks said Thursday that its U.S. same-store sales were up 22% compared with the same period last year, and up 11% over pre-pandemic levels. But same-store sales in the company’s crucial China market fell 7% in the quarter compared with last year’s period.