Earnings Results
Restaurant analysts note that industry price increases have held, even as costs start to ease
Starbucks executives last year said higher prices, younger customers and cold, customizable beverages would help them weather any bigger economic storm in 2023.
Associated Press
Starbucks Corp. on Tuesday reported second-quarter results that beat expectations, helped by a surprise same-store sales gain in China, continued solid demand in the U.S. and higher prices.
The coffee chain reported fiscal second-quarter net income of $908.3 million, or 79 cents a share, compared with $674.5 million, or 58 cents a share, in the same quarter last year. Adjusted for restructuring costs and the impact of income taxes, the chain earned 74 cents a share, compared with 59 cents in the prior-year quarter.
Revenue…
