Starbucks Q1 Earnings Call Highlights

During the Q&A, Niccol said about 0.5 percentage point of the North America comp result reflected a transfer of sales from stores closed in late September, but added that overall strength was “broad-based.” He also noted the company’s 650 Green Apron pilot stores continued to outperform the broader fleet by about 200 basis points in comp, largely driven by transactions.In North America, revenue increased 3% to $7.3 billion and comparable store sales grew 4%. Niccol emphasized that U.S. company-operated tran ...