Despite investor concerns about slowing growth in China, the company remains optimistic. It increased its number of stores in the country by 18 percent during the quarter.
"We believe we've built a strong foundation in the last 20 years in the China market and are well positioned to navigate any fluctuation that may take place," John Culver, president of international, channel development and global coffee & tea.
The company's weakest sales came from its Europe, Middle East and Africa segment. The region's same-store sales and transactions both declined by 1 percent. The company has added 324 stores in the region since last year.
Starbucks narrowed its outlook for fiscal 2019, saying it now expects same-store sales growth to be between 3 and 4 percent globally. At its investor day in December, the company reaffirmed its previous outlook of same-store sales growth near the lower end of 3 to 5 percent.
Starbucks is forecasting net income between $2.32 to $2.37 per share for the fiscal year. The company did boost its adjusted earnings forecast, thanks to income-tax items. It now expects to earn between $2.68 and $2.73 per share. It previously estimated adjusted earnings of $2.61 and $2.66 per share. It also expects revenue to grow by 5 to 7 percent during fiscal 2019.
Starbucks, which has a market capitalization of $80.3 billion, has had its stock rise more than 6 percent over the past year.