Starbucks says global same-store sales shrunk only 9% in the fiscal fourth quarter

Starbucks Corporation (NASDAQ: SBUX) said on Thursday that its global comparable-store sales contracted only 9% in the fiscal fourth quarter. The company expressed confidence that sales were improving faster than expected in the United States and China, after months of halt due to the Coronavirus pandemic. In the prior quarter (Q3), Starbucks had reported a 40% decline in global same-store sales. Starbucks was reported more than 0.5% down in extended trading on Thursday. On a year to date basis, it is now about 1.5% down in the stock market. Confused about choosing a reliable stockbroker to trade online? Here’s a