Starbucks reported a strong fourth quarter in China, reports Caixin. This comes as the US coffee chain restructures its operations in the world’s second-largest economy.
During the three-month period, Starbucks generated revenue of $823 million in the Chinese market where it runs 8,011 stores, up 11% year-on-year, according to its earnings report.
The company’s China business saw comparable store sales grow 7% during the period after years of stagnation, driven by a 5% rise in comparable transactions and a 2% jump in average ticket, the report said.