Starbucks making record profits, exceeds sales expectations

Photo by: Starbucks
Photo by: Starbucks

(Seattle, WA) -- Starbucks is reporting record revenue for the April through June period.

Despite store closures and reduced hours in China due to COVID, the coffee demand in the States made up for lost profits. US sales rose nine-percent to just over eight-billion dollars, a quarterly record for the company.

Meanwhile, Chinese sales are down 44-percent. Starbucks CEO Howard Shultz has said the company isn't seeing any impact from inflation just yet, but they are "sensitive" to the impact it can have on consumers.