Starbucks earnings beat as China reverses same-store sales declines

quarterly earnings and revenue that beat analysts' expectations, fueled by better-than-expected international sales.

In China, the company's second-largest market, Starbucks saw its same-store sales increase for the first time since Starbucks' fiscal third quarter in 2021 as customers returned to its cafes following the rollback of the country's zero Covid policy.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $8.72 billion vs. $8.

The coffee giant reported fiscal second-quarter net income of $908.3 million, or 79 cents per share, up from $674.5 million, or 58 cents per share, a year earlier.Net sales rose 14.2% to $8.72 billion. The company's same-store sales climbed 11% in the quarter, beating StreetAccount estimates of 7.1%. Both the U.S. and international markets outperformed expectations.6%.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

34% Plugin Vehicle Market Share In China — March 2023 Sales Report - CleanTechnicaPlugin vehicles are all the rage in the Chinese auto market. Plugins scored over half a million sales last month, up 23% year over year (YoY), pulling the year-to-date (YTD) tally to over 1.3 million units. Share-wise, with March showing another great performance, plugin vehicles hit 34% market share! Full electrics (BEVs) alone accounted for […]
La source: cleantechnica - 🏆 565. / 51 Lire la suite »