- Starbucks reported fiscal Q4 same-store sales growth of 7.2%, driven by higher average ticket values and an uptick in transactions.
- US comparable sales rose 7.7% in the fiscal quarter, and earnings of 80 cents a share beat estimates.
- Bloomberg's Hottovy said Starbucks foot traffic is outpacing the competition and that customers are confident they can get a drink quickly.
Quotes
“Comparable sales in the US were up 7.7% in the fiscal quarter as earnings of 80 cents a share beat estimates.”
“driven by higher average ticket values and an uptick in transactions.”