KEY POINTS
  • Starbucks on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.
  • China, the company's second-largest market, saw its same-store sales increase.
  • U.S. same-store sales jumped 12%, helped by a 6% increase in traffic.

In this article

Starbucks on Tuesday reported 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 Beijng's zero-Covid policy.

In this article