Starbucks 2Q sales improve as transactions decline
Starbucks Corp. same-store sales increased 3 percent in the second quarter, the company said Thursday, although declines in transactions offset an improving average check in the period.
Same-store sales improved as the quarter went on, and again into April, the company said.
The Seattle-based coffeehouse operator gained traction in the rapidly growing China market, where transactions increased by 6 percent and same-store sales rose 7 percent.
“With our U.S. business accelerating throughout the quarter and strong performance in China, we are poised to deliver strong revenue growth in the second half and into the future,” Starbucks CEO Kevin Johnson said