U.S. division saw best performance in 2 years; 6% comp growth tied to bump in afternoon beverage sales
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Cold beverages, labor investments and new machine learning solutions drove positive results for Starbucks locations in the U.S., a segment that saw its best performance in two years.
“We are pushing on the right elements,” CEO Kevin Johnson told investors during a Wednesday afternoon conference call.
The company’s Americas and U.S. segment saw same-store sales grow 6%. The uptick was driven by a 3% increase in average ticket and a 3% increase in transactions. That compared to a 1% decline in transactions in the fourth quarter of 2018.
Roz Brewer, group president and chief operating officer, said consumers are responding to the brand’s pipeline of cold beverages such as flavored iced teas, nitro cold brew and Refreshers. In 2018, Starbucks ...
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