Keep pulling the thread on Brian Nickel.
Starbucks reported 7.1% same-store sales growth in the U.S. for its most recent fiscal quarter.
Starbucks raised its full-year comparable sales growth guidance from 3% or better to 5% or better.
Starbucks expects to have 90% of its stores receiving daily deliveries with 24-hour replenishment by the end of the current year.
Starbucks announced a $100 million investment to build a new Southeast campus in Nashville, Tennessee.
Starbucks plans to create approximately 2,000 jobs at its new Nashville, Tennessee campus over the next five years.
Starbucks' 7.1% comparable sales growth in the U.S. was primarily driven by an increase in transactions, which grew by over 4%.
Starbucks has not observed a negative impact on its consumer behavior from higher energy prices and inflation.
In its most recent quarter, Starbucks experienced sales and transaction growth across all consumer income cohorts.
Starbucks saw a 30-point improvement in the number of its stores achieving a score of four or better on its internal "five shot scorecard" performance metric.
Starbucks' new scheduled ordering system is expected to launch on May 11th.
Starbucks' "Smart Q" technology has improved the sequencing of orders from its various channels, including cafe, drive-through, delivery, and mobile pickup.
Starbucks CFO Kathy Smith attributed some of the margin contraction in the most recent quarter to the company's product innovation efforts.