Dive Summary:
- Starbucks chief executive Howard Schultz reports that the company is in good health after reporting a 26% rise in net income for the second quarter, ending in March.
- The company plans to emphasize expansion of its customer loyalty program and building its packaged goods in international market seeking continued expansion.
- Same-store sales among brick-and-mortar locations are up 7% for the company in the second quarter, following a continued rise in sales for the first quarter –again totaling 7%.
From the article:
The company is expecting growth in both the Americas and China/Asia Pacific regions. Starbucks plans to add 3,000 units to the Americas region, including 1,500 in the U.S. over the next five years. This year, the U.S. will see 300 new store openings.