Starbucks sales rebound, profits double

The coffee giant Starbucks saw its sales pick up again both in the United States and internationally at the start of the year, after four quarters of decline, and its profit doubled over the period.

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The group slightly raised in the wake of its forecasts for the whole year, details a press release Tuesday.

The general manager of the chain, Kevin Johnson, particularly welcomed a

.

The pandemic has indeed affected the attendance of Starbucks establishments, their operations and opening hours for several months.

But from January to March, which is the company's second accounting quarter, sales rose 11.2% to $ 6.67 billion.

Comparable store sales, an important measure in commerce, increased 15%.

While the number of orders placed decreased by 4%, their average amount increased by 19%.

In the United States, which remains the group's main market, it increased by 9%.

Internationally, they grew by 35%, driven by a 91% jump in China where many stores had closed in early 2020.

Net profit of $ 659 million

Starbucks posted net income of $ 659 million during the period. Reported per share and excluding exceptional items, the benchmark on Wall Street, it was posted at 62 cents, against 53 cents expected by analysts. The company now expects adjusted earnings per share for the fiscal year of between $ 2.65 and $ 2.75, compared to $ 2.42 and $ 2.62 previously. However, this remains below the $ 2.85 expected on average by analysts. The group also forecasts a turnover for its accounting year of between 28.5 and 29.3 billion dollars, against 28 to 29 billion previously. On Wall Street, the title fell 1.75% in electronic trading following the close of the session.