Starbucks Corporation Strategy Analysis
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General Our fiscal year ends on the Sunday closest to September All references to store counts, including data for new store openings, are reported net of related store closures, unless otherwise noted. Overview Starbucks results for fiscal reflect the challenges our business faced with the COVID pandemic, which severely impacted our results, particularly during the second and third fiscal quarters. We gradually reopened our stores and, since then, have seen sequential improvements in comparable store sales in both our Americas and International segments as transaction volumes continue Starbucks Corporation Strategy Analysis climb, Starbucks Corporation Strategy Analysis the resilience of our business model and the strength of our brand.
The most negative impacts occurred during the third quarter of fiscal To help protect the health and welfare of our partners, we incurred incremental labor costs, including paying the wages and benefits to partners who Strahegy either unable or uncomfortable working from mid-March through May, a temporary wage increase for partners who continued working during this period and additional benefits to Srategy or separated partners resulting from reduced store hours.
In Junewe announced a plan to optimize our North America store portfolio, primarily in dense, metropolitan markets, by blending store formats to better cater to changing customer tastes and preferences. During the fourth quarter of fiscalwe closed approximately stores in the U.]
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