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Starbucks, record first quarter at $ 8.7 billion

U.S. store sales up 10 percent, Chinese market collapses instead: -29 percent

Starbucks reports results for the fiscal first quarter ended Jan. 1, 2023 and closed with consolidated net revenues of up 8 percent to a record $ 8.7 billion. Global store sales increased 5 percent globally and 10 percent in the U.S. alone "thanks to a 9 percent increase in average receipt," the company's official release points out. International sales fell 13%, due to a "12% decline in transactions...

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EFA News - European Food Agency
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