Starbucks Grows Comps 12% in the U.S.

For Starbucks (NASDAQ: SBUX), being a global enterprise certainly has its benefits. With about two-thirds of Americans vaccinated, most restrictions have been lifted, and Starbucks was able to increase U.S. comps by 12% last quarter. When lockdown measures were put in place at thestart of the pandemic, Starbucks' same-store sales declined dramatically in the U.S. Given that the company benefits tremendously when people are out and about in their daily lives, it should be no surprise that when consumer mobility is on the rise, Starbucks' performance improves.