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 streets 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 in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor
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 streets 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 in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor Howard Schultz in march,
we begin in the middle east where israeli officials say two israeli women have been killed in an attack in the occupied west bank. in an attack in the these pictures of the attack have just come in. the authorities say a third person was also seriously wounded in the incident, near the settlement of hamra. the israeli military says troops are searching for suspects who opened fire at a car, causing it to crash. this latest development come after the israeli military hit targets belonging to the palestinian militant group hamas. the air strikes hit areas of the gaza strip and lebanon israel says they re in retaliation for a major rocket attack on israel launched from southern lebanon which the israelis blamed on hamas. these are the latest images showing the aftermath of the attack in gaza. the air strikes are the heaviest since last august. our correspondent lucy williamson spoke to us from jerusalem. israel says it carried out a series of strikes overnight against targ
for the coach industry to change their itineraries, but i m very pleased with the results of that so far. today, we re processing really well. we ve opened up a new facility for coaches, an additional one, and that s been fully operational during the day and the coaches have been travelling through there well. it s a busy day for cars though as well, with about 4,800 scheduled to go through the port. we re probably about half way through our busy period now for the cars, which is, and the coaches, which is from about 10:00 this morning through to through to about two in the afternoon is where we ll get the busiest. so is there much delay, then, for either coach or car passengers? right now, it s taking probably between 60 and 90 minutes to get through border controls once you re here in the port. we do have our freight traffic backed up a bit. but as soon as the tourist traffic starts to die down, in about an hour, an hour and a half, we ll start to be bringing more freight t
of the government s plans. hundreds of thousands of workers go on strike in uk today more could be the biggest walk of industrial action since last year. a state of emergency has been declared in malawi with more than 200 people now confirmed dead after storm freddy hit southern africa for the second time in a month. and a small number of wolves have started to settle in belgium, for the first time in more than 100 years, as numbers increase across europe. hello and welcome to bbc news. let s begin today with the latest from pakistan, where the police appear to have stopped the operation to arrest the former prime minister imran khan. it appears to be due to a cricket match taking place. they say they will resume trying to arrest him afterwards. unrest continued in lahore through the night as imran khan s supporters clashed with security forces after police made another attempt to arrest him on a court order. he has accused the authorities there of acting outside the law in t