The United States and China will remain the key markets for Starbucks Corp. for the foreseeable future, the Seattle-based company’s CEO, Kevin Johnson, told investors during a conference call announcing third quarter earnings, which included 1 percent growth in same-store sales in the U.S. and a 2 percent drop in China comps.
Starbucks outlines dual market approach for U.S. and China
Morning daypart grows while afternoon slides amid slowing Frappuccino sales
Correction: July 30, 2018
This story has been updated to clarify that Starbucks' revenue was $6.3 billion for the quarter ended July 1, not the year.