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Starbucks arrests sales decline as turnaround builds steam

Shares rise as world’ largest coffee chain reverses 18-month slide

Starbucks’ same-store sales are rising again, ending an 18-month slide in a positive sign for turnaround efforts at the world’s largest coffee chain.

The Seattle-based company reported a 1 per cent increase in global comparable sales in the fourth quarter that ended in late September, driven by the international business that accounts for a slim majority of its nearly 41,000 stores.

Same-store sales in North America were unchanged from a year ago, an improvement from previous quarters.

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