Starbucks said U.S. same-store sales, or sales at locations open at least a year, improved for six consecutive weeks through the end of May. The company says it expects a 10% to 20% decline in U.S. same-store sales for its full fiscal year, which ends Sept. 27. In China, where the pandemic hit first, same-store sales were down 14% at the end of May. For the fourth quarter, Starbucks said it anticipates earnings of 15 cents to 40 cents per share. Starbucks said 80% of U.S. Starbucks transactions even before the pandemic were to-go orders.

Source: ABC News June 10, 2020 15:11 UTC