Starbucks U.S. transactions fall 2%
Starbucks Corp. served fewer customers in the fiscal first quarter ended Jan. 1, but customers spent more money per order, helping Starbucks generate a 3-percent domestic same-store sales increase in the period, the company said Thursday.
The Seattle-based coffee giant said U.S. same-store transactions fell 2 percent in the period, but the average ticket rose 5 percent.
The company said that, adjusting for the impact of “order consolidation” related to its new loyalty program, the average ticket grew 3 percent and transactions for the period were flat.
The stock fell 1.5 percent in after-hours trading on Thursday.
The company highlighted