Starbucks reported a 6% rise in global same-store sales, fueled by an uptick in drink and food sales at home along with rising sales and brand loyalty in key international markets. In China, "The reaction we are seeing is not unlike what we saw in the U.S. over time -- adoption of the Starbucks card, increased loyalty -- the brand really has snowballed as we continue to grow," said CFO Troy Alstead.

Related Summaries