michelle fleury has more. americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. but with high inflation in the us, a cup of coffee is now $5 on average. the big question for investors going into this earnings season was would consumers still spend money on elaborate coffees? the answer was mixed. sales in north america grew 7%, even after the chain raised prices. that figure was below wall street s forecast. customer traffic only increased by 1%. most of the gains came from existing customers spending more money. sales in china, its second biggest market, rose sharply. same store sales increased a whopping 46% from a year ago. starbucks remains a favorite brand among chinese consumers. the company benefiting from a rebound after strict
our north america business correspondent michelle fleury has more from new york. americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years but with high inflation in the us, a cup of coffee is now $5 on average the big question for investors going into this earnings season was would consumers still spend money on elaborate coffees? the answer was mixed. sales in north america grew 7% even after the chain raised prices. that figure was below wall street s forecast. customer traffic only increased by 1%. most of the gains came from existing customers spending more money. sales in china, its second biggest market, rose sharply. same store sales increased a whopping 46% from a year ago. starbucks remains a favourite brand among chinese consumers, the company benefiting from a rebound after a strict covid 19 restrictions were lifted. but the coffee chain said that wage increases and investment in its cafes dragged down its overall profits. s
americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. but with high inflation in the us, a cup of coffee is now $5 on average. the big question for investors going into this earnings season was would consumers still spend money on elaborate coffees? the answer was mixed. sales in north america grew 7%, even after the chain raised prices. that figure was below wall street s forecast. customer traffic only increased by 1%. most of the gains came from existing customers spending more money. sales in china, its second biggest market, rose sharply. same store sales increased a whopping 46% from a year ago. starbucks remains a favorite brand among chinese consumers. the company benefiting from a rebound after strict covid 19 restrictions were lifted. but the coffee chain said that wage increases and investment
china. and a return to office in the united states. michelle fleury has more. in the united states. michelle fleury has more. americans love lattes and fleury has more. americans love lattes and coffee fleury has more. americans love lattes and coffee helping - lattes and coffee helping starbucks to the rest supposed eidetic years but with high inflation in the us, a cup of coffee is now $5 on average of the big question for investors going into this earnings season was going to consumer still spend money on elaborate coffees? the answer was mixed. sales in north america grew 7% even after the chain raised prices. that figure was below wall street s forecast. customer traffic only increased by 1% full time most of the goods came from existing customers spending more money. sales in china, its second is market, rose sharply. sales increased a whopping a0 said percent from a year ago. starbucks remains a favourite brand among chinese consumers, the company benefiting from a rebound
it s all has real life impacts, sometimes getting caught up in the economic debate of all this but it hits people in their pockets and. do they get this in the boardroom, the alan sugar type place where they re having lattes later on in coming to the final decision? do you believe, carding, that they connect, the people that make these decisions connect with the likes of you? than? connect with the likes of you? any ear it is connect with the likes of you? any year it is an connect with the likes of you? any year it is an £800 rise. i wish it was year it is an £800 rise. i wish it was a year it is an £800 rise. i wish it was a £400 year it is an £800 rise. i wish it was a £400 rise. year it is an £800 rise. i wish it was a £400 rise. my year it is an £800 rise. i wish it was a £400 rise. my children i year it is an £800 rise. i wish it. was a £400 rise. my children have grown was a £400 rise. my children have grown up. was a £400 rise. my children have gro