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Starbucks Posts Record 3Q Sales

U.S. same-store sales rose 83 percent year over year

Published

3 years ago

July 29, 2021

Starbucks Posts Record 3Q Sales — Courtesy of Starbucks

Starbuck (Seattle) is reporting record third-quarter sales that increased 78 percent to $7.5 billion, according to The Seatle Times.

Global same-store sales grew 73 percent from the same period last year, at the height of the pandemic. U.S. same-store sales were up 83 percent with rural and suburban traffic leading the growth. Sales in urban areas also reached positive growth for the first time since early 2020.

In response to changing consumer behavior as a result of the pandemic, Starbucks has introduced new store formats emphasizing drive-thru and mobile ordering. The company is reportedly 40 percent finished with a transformation that would close 400 traditional stores and replace them with smaller mobile pickup locations.

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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