** charts after earnings **
Starbucks sales miss as COVID-19 resurgence hits China
Oct 28 (Reuters) - Starbucks Corp missed market estimates for quarterly same-store sales on Thursday, as a COVID-19 resurgence in China closed stores in several major cities and overshadowed a strong performance by its U.S. business.
Fresh lockdowns to curb the spread of the Delta variant in Starbucks' largest growth market of China have also hit businesses of several other restaurant chains, including Yum China Holdings Inc.
The coffee chain posted a 7% decline in China comparable sales in its fourth quarter, missing its forecast of roughly flat growth and offsetting a 22% jump in the United States.
The company forecast global comparable sales growth in the high single digits in its current fiscal year 2022.
The company said it would open 2,000 net new locations globally in fiscal 2022 versus 1,173 in 2021, about 75% of them outside of the United States.
Starbucks said it would raise pay for U.S. workers with at least two years of employment and offer $200 referral bonuses, as it grapples with a nationwide labor shortage.
Starbucks said it would raise pay for U.S. workers with at least two years of employment and offer $200 referral bonuses, as it grapples with a nationwide labor shortage.
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