business / news / / The New York Times
Global sales for stores open at least a year rose 6.2 percent.
Starbucks has not observed any negative impact on consumer behavior from rising gas prices yet.
KEY POINTS
- Global same-store sales rose 6.2 percent, with U.S. stores up 7.1 percent last quarter.
- Net earnings increased 33 percent to $510.8 million despite higher labor costs and renovations.
- Customer traffic increased across all income groups, countering analyst concerns about lower-income spending.
- Starbucks raised its full-year same-store sales outlook but remains cautious due to war and fuel price uncertainties.
COMPANIES
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