But direct syncing in Mac Dive captures everything. The only time I lost parts was when I exported dives from Shearwater Cloud then imported them into MacDive. The chain also keeps adding customers to its rewards program, which now has 30.8 million active members in the United States, up 15% over this time last year, according to its earnings release.Īnd it is building more cafes, adding 100 net new stores in North America and more than 360 internationally. MacDive appears to show all the same stats as Shearwater Cloud when synced directly with the computer. and driving a 12% jump in comparable store sales in its North American market. Starbucks, whose customers are typically younger, wealthier and relatively unfazed by inflation, has doubled down on its cold and customizable beverages, boosting traffic in the U.S. Excluding one-time items, Starbucks earned 74 cents per share, beating estimates of 65 cents. Globally, Seattle-based Starbucks' comparable sales climbed 11%, trouncing analysts' expectation of a 7.36% rise.Ĭustomers visited more often and spent more per trip, according to the earnings release. Some Starbucks investors may have taken profits after Starbucks' stock jumped 16% in the past five weeks with "a pretty big run" into the earnings report, Edward Jones analyst Brian Yarbrough noted. Restaurant shares broadly have outperformed the S&P 500 Index this year, and McDonald's Corp (MCD.N) and others reported a strong quarter. "So when we take all of that into account, when we look at our guidance for the full year, we believe reaffirming our guidance allows us to continue to convey the momentum, but also for the confidence we have while still navigating a rather uncertain environment globally." "We've already seen it start to moderate," she said, noting uncertainty about consumer behavior and international travel. While the China recovery was better than the company expected, growth in average weekly sales there will be at a more moderate pace in the second half, Chief Financial Officer Rachel Ruggeri said during an earnings call. Instead, the world's largest coffeehouse chain posted a 3% rise in China comparable sales in its second quarter ended April 2, helping boost international sales 7%, more than double the 2.94% increase of the average analyst's estimate, according to Refinitiv data. With most of China's COVID-19 curbs now scrapped, consumer mobility and spending in the region bounced back sharply in March.Įven so, some analysts had expected China sales to remain in the red after tumbling 29% the previous quarter. May 2 (Reuters) - Starbucks Corp (SBUX.O) beat Wall Street estimates on Tuesday for quarterly profits, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the company did not lift its 2023 guidance.
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