global coffee giant Starbucks in China - food tech news in Asia

On January 26, global coffee giant Starbucks reported its Q1 fiscal 2021 results for 13 weeks from September 28, 2020, to December 27, 2020. The global comparable sales declined 5% with a similar slide in the United States, as the COVID-19 continued to hamper business. But in China, its second-largest market after the U.S., the business has largely recovered, with comparable sales up 5%, showing the Chinese market has fully recovered from the pandemic.

The company reported total net revenue in its . . .

This content is restricted to members only. Please press this link to register. Already a member? Please login.

You May Also Like

Thai Startup Creates Plant-Based Pork from Local Coconut Water

Backed by the Thai government, Sangtuptim Inter Co., a manufacturer of coconut-based…

CP Food’s MEAT ZERO launched new plant-based meat products

Recently, CP Food officially announced that CP Food’s new brand MEAT ZERO launched plant-based…

Tetra Pak to invest US$99 million in China

Swedish packaging giant Tetra Pak announced to invest 700 million RMB (US$99…