Starbucks Revenue Increased by 23.6% in 2021
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According to Macrotrends data, Starbucks coffee company revenue reached US$29.06 billion, or approximately Rp 415.6 trillion, in 2021. This figure represents a 23.6% increase compared to the previous year's US$23.5 billion.
Starbucks' revenue decline in 2020 was attributed to the global corona pandemic. Sales in China plummeted by 50% compared to the same period in 2019. Meanwhile, Starbucks in the United States experienced a 3% sales decline, resulting in a 5% drop in Starbucks' net income to US$6 billion in 2020.
Throughout 2020, Starbucks closed approximately half of its company-operated stores in the United States and more than 75% in Canada, Japan, and the United Kingdom. However, this situation was not expected to last long.
For information, Starbucks was the world's largest quick-service restaurant and food company with revenue reaching US$24.1 billion and net profit of US$1.3 billion in August 2020.
This American company has 32,844 official outlets spread across 79 countries.
(Read More: United States, Indonesia's Largest Coffee Export Destination)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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