Starbucks says comparable store sales in china fell by about 14% in final week of may compared to prior year

Starbucks - comparable store sales in china fell by about 14% in final week of may compared to prior year.starbucks -store development activities in china resumed at the end of march.starbucks - recovery in china, which started in late february, has continued into third fiscal quarter.starbucks - currently, 99% of stores in china are open, of which about 90% have returned to pre-pandemic operating hours.starbucks -on track to add at least 500 net new stores in china this fiscal year.starbucks - china comparable store sales versus prior year declining 21% in may, improvement from decline of 32% in april.starbucks - comparable store sales for u.s. company-operated stores that were open in last week of may declined 28% versus the prior year..starbucks - u.s. co-operated stores began to re-open in 2nd week of may, increasing from about 50% open at end of april to 91% open at end of may.starbucks - comparable store sales in u.s. declined by approximately 32% in the final week of may.starbucks - u.s. comp store sales improved versus prior year from down 63% in april to down 43% in may.starbucks - continue to believe comparable store sales in china will substantially recover by the end of the fourth fiscal quarter.starbucks - continue to expect u.s. business to improve during remainder of fiscal 2020, with recovery extending into next fiscal year.
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