Customers fell for Starbucks’ fall menu in the fiscal fourth quarter, with Pumpkin Spice Lattes and apple croissants helping the company achieve record revenue.
But the company said Thursday that growth could moderate in the coming year as it faces economic uncertainty around the world.
Starbucks CEO Laxman Narasimhan said the company saw record-breaking weekly sales after the launch of the Pumpkin Spice Latte in late August. The drink, which is Starbucks’ most popular seasonal beverage, In the fiscal fourth quarter, U.S. same-store sales rose 8%; store traffic was up 2% and consumers spent more per visit on things like food and customized drinks. Prices were also higher.
“We’ve created a more stable environment in our stores,” Narasimhan said in a conference call with investors Thursday.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goodbye, pumpkin, and hello, peppermint. Seasonal Frosty to return to Wendy’sPumpkin spice is out and peppermint is in starting on Tuesday, Nov. 14, 2023.
Consulte Mais informação »
Pop Culture Rewind: Spice Girls Celebrate the 25th Anniversary of ‘Spice World’British girl group The Spice Girls cemented their global success in the 90s with the success of their second album and their feature film 'Spice World,' it's been 25 years since the initial release and the group celebrated with new renditions of the album and exclusive merch.
Consulte Mais informação »
Starbucks beats on the top and bottom line as customers buy up pricier drinksShares of Starbucks have fallen about 8% this year, dragging the company's market value down to $104 billion.
Consulte Mais informação »
Erica Mena Refuses to Apologize to Spice For Calling Her a MonkeyErica Mena says Spice doesn’t deserve an apology from her despite her using a racial slur.
Consulte Mais informação »
Can the NBA spice up the regular season with in-season tournament?Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Consulte Mais informação »