Friday, January 25, 2019

Starbucks brews up strong first quarter

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