Starbucks Reports Third Quarter Report, Noting 40% Drop in Global Same Store Sales

July 30, 2020

Starbucks released its its third quarter earnings report, revealing that cafe closures due to the COVID-19 pandemic caused a 40% decrease in global same store sales. In the U.S., same store sales decreased by 41% and experienced a 53% decrease in overall traffic as American consumers shifted to working from home and social distancing practices. The company noted that after reopening roughly 90% of their U.S. cafes by June, it added features including entryway handoff and curbside pickup throughout the COVID-19 crisis and beyond.

Operators have an opportunity to safely provide office coffee service (OCS) to their accounts while many American consumers are hesitant to leave the workplace for coffee.


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Starbucks Tests Pickup Orders Via Its Mobile App

July 22, 2014
Starbucks will begin accepting pickup orders via the company’s mobile app in one location this year, according to PYMNTS. Customers will have the ability to place an order via...