Starbucks reported strong fiscal first quarter as holiday drinks and a viral bear cup helped drive sales.Same-store sales – or sales at locations open at least a year – rose 4% for the October-December period.That was higher than the 2.3% that Wall Street was expecting, according to analysts polled by FactSet. 4 Starbucks Chairman and CEO Brian Niccol said the results were evidence that the company’s turnaround plan is taking hold. via REUTERSSame-store sales in the US were also up 4%, with a 3% increase ...

Starbucks reported strong fiscal first quarter as holiday drinks and a viral bear cup helped drive sales. Same-store sales – or sales at locations open at least a year – rose 4% for the October-December period. That was higher than the 2.3% that Wall Street was expecting, according to analysts polled by FactSet. Same-store sales in the U.S. were also up 4%, with a 3% increase in transactions and a 1% increase in spending per visit. That was the best U.S. performance for the company in two years. Shares ...

Core Points - The Starbucks union has expanded its strike to over 30 locations across the U.S., with participation from at least 1,000 workers [1][6][8] - The strike coincided with Starbucks' "Red Cup Day," a significant promotional event for the company [6][14] - Union members are demanding better pay, improved working hours, and resolution of legal issues related to contract negotiations [8][9] Expansion of Strike - The strike has spread to stores in approximately 25 cities, including Cleveland, Memphis, and Springfield, Missouri [6][8] - The New Scotland Avenue location in Albany, NY, is the first in the Upstate Capitol region to join the strike [5] Union's Position - The union has accused Starbucks management of slow-walking contract negotiations and has called for new proposals to address their demands [8][9] - Starbucks claims that the strike has caused minimal disruption to its operations and expresses readiness to negotiate when the union is prepared [9][11] Background on Unionization - Starbucks Workers United was founded in August 2021 and has grown to represent over 14,000 workers across more than 640 locations in 45 states [10] - Currently, about 5% of Starbucks' approximately 10,000 company-owned stores in the U.S. are unionized [11]