Results reflected a shift in the portfolio toward more licensed stores and the closure of certain company-operated stores. The Europe, Middle East and Africa segment sustained an operating loss of $2.8 million as revenues declined 9% from the year-ago quarter to $227.5 million. Revenues increased 9% to $1,289.1 million. We remain excited about the potential of delivery, and we’ll continue to update you on our progress in coming quarters.”ĭuring the second quarter, China/Asia Pacific segment operating income grew 13% to $231.7 million. “This approach is enabling us to refine the program as it grows and ensure a quality customer experience. “It is still early days, and our primary focus is to drive customer awareness that leads to trial and adoption of this new channel,” he added. stores in Q2.”Īdditionally, the company is expanding its Starbucks Delivers program to nearly 1,600 stores across seven major markets in the United States, Mr. This momentum has a positive impact on our results, with Starbucks Rewards members accounting for 41% of sales in U.S. “In the second quarter, we expanded our active member base by 0.5 million customers, a 13% increase that takes active Rewards membership to 16.8 million. “With respect to driving digital relationships, we are pleased with the continued momentum of our Starbucks Rewards program,” Mr.
The company’s digital efforts represent another strategic priority in the U.S.
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Key drivers of growth included improved in-store experience and beverage innovation. Operating income for the Americas segment grew 12% to $899 million on net revenues of $4,305.9 million, up 8% over the prior year.
comparable store sales and a 2% gain in China/Asia Pacific comparable store sales. Global comparable store sales rose 3%, which included a 4% increase in Americas and U.S. For the second quarter ended March 31, net earnings attributable to Starbucks totaled $663.2 million, equal to 53c per share on the common stock, up from $660.1 million, or 47c, in the year-ago period.
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