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Starbucks beat earnings estimates: US consumer stays resilient, but China pulls back

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While Americans are still shelling out for their pumpkin spice lattes, Chinese consumers are pulling back their spending.

) brewed up some fiscal Q4 earnings early Thursday morning. While it beat most estimates, it was a tale of two countries.

Global same-store sales jumped 8%, driven by a 4% increase in ticket size and 3% increase in traffic. In the release, CEO Laxman Narasimhan said "in the face of macro uncertainty" the team is "confident" in the "momentum throughout our business and headroom globally."At the end of last quarter, stores in the U.S. and China made up 61% of the company’s global portfolio.The company added 816 new stores last quarter, bringing the total to 38,038 stores, with 52% company-operated and 48% licensed locations.General view of Starbucks' Coffee Innovation Park on Sept.

BRASILIA -Brazil's central bank cut its benchmark interest rate by 50 basis points on Wednesday for the third time in a row and once again signaled more of the same for its upcoming meetings, but also flagged an "adverse" external backdrop for emerging economies.

 

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