A little more than a year ago, Starbucks (NASDAQ: SBUX) then-CEO Howard Schultz said the coffee shop’s primary goal was to get back on track. He said he believed the chain had a “clear line of sight to returning our U.S. business to historic levels of comp sales growth” of 5% or more.
It’s taken over a year, but last quarter, domestic comparable-store sales grew 5%, and Starbucks announced a number of initiatives to optimize its store portfolio, accelerate long-term growth, and increase returns on capital.
Image source: Starbucks.