• Starbucks Reports Record Revenue, Driven Mostly by Gen Z's Love of Iced Drinks

    15 days ago - By NY Times

    The largest coffee chain in the world said it saw no signs that consumers were giving up their nitro cold brews or iced espressos, despite higher prices.
    Read more ...

     

  • Starbucks reports record revenue as store count, prices rise

    15 days ago - By Chron

    Starbucks reported record revenue in the April-June period, benefitting from hundreds of new stores and higher prices.
    The Seattle-based coffee giant said its revenue rose 9% to $8.2 billion, a quarterly record. That surpassed Wall Street's forecast of $8.1 billion, according to analysts polled by FactSet.
    Global same-store sales, or sales at stores open at least a year, rose 3%, which was just shy of Wall Street's expectations. Starbucks said traffic was slower, mostly due to continuing closures in China. But customers spent more when they visited.
    New stores, including many more focused...
    Read more ...