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Starbucks 2Q same-store sales up 2 percent in U.S.Starbucks 2Q same-store sales up 2 percent in U.S.

The results come as the chain grapples with a racial discrimination incident

Nancy Luna, Senior editor, Nation's Restaurant News

April 27, 2018

1 Min Read
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Global and U.S. same-store store sales increased 2 percent at Starbucks for the second quarter ended April 1, the company reported Thursday.

The increase in same-store sales was tied to a 3 percent increase in average tickets, the company said prior to hosting a conference call with investors.

Net income attributed to Starbucks was $660.1 million, or 47 cent a share, compared with $652.8 million, or 45 cents a share, a year earlier. Revenue rose 14 percent to a record $6 billion.

Starbucks_Cherry_Mocha_0.jpgEarlier this year, Starbucks said its priority would be to increase its digital relationship, including adding more members to its loyalty program. During the quarter, the company added 1.6 million active members to its Starbucks Rewards program in the U.S, up 12 percent over the prior year.

The results come following a recent racially motivated incident at a Starbucks location in Philadelphia. In early April, two black men were arrested for trespassing while sitting in the cafe without making a purchase. The manager called police which led to the men’s arrest. They were later released, but the damage to Starbucks’ inclusive ethos was done.

Protesters have since called for customers to boycott the Seattle-based chain, accusing them of racial bias. The incident occurred outside of the current earnings window, so it’s unclear what kind of financial impact the incident has had on operations.

Related:Starbucks responds to racial profiling accusations: ‘This is not who we are’

The company said last week it is closing company-owned stores during the afternoon of May 29 for racial-bias education.

 Contact Nancy Luna at [email protected]

Follow her on Twitter @FastFoodMaven

About the Author

Nancy Luna

Senior editor, Nation's Restaurant News

Nancy Luna is a senior editor at Nation's Restaurant News and a contributing editor at Supermarket News. She covers the industry's largest and most talked about fast-food brands including McDonald's, Starbucks, Chipotle Mexican Grill, Taco Bell, Pizza Hut, KFC and Subway. She is an award-winning journalist with more than 25 years reporting experience. As a veteran business reporter based in Southern California, Nancy has covered some of the country's most beloved food and retail brands including In-N-Out, Taco Bell, Trader Joe's, Aldi, Whole Foods Market, Target and Costco. Luna is a graduate of Cal State Fullerton. When she's not digging for news on her beat, you can find Nancy regaling her fans about her latest dining adventures on her Fast Food Maven social media channels. Contact [email protected]  or follow her on Twitter at https://twitter.com/fastfoodmaven

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