Chain Store Age
Starbucks Corp. came out of the gate running in its first quarter, with sales and earnings that beat Street estimates.
Total net revenues rose 9.2% to $6.6 billion, beating Street estimates of $6.5 billion.
Global same-store sales increased 4%, driven by a 3% increase in average ticket. Americas and U.S. comparable store sales increased 4%, with transactions flat. Same-store sales in China increased 1%, with transactions down 2%. . . . more