Starbucks said Tuesday that customers are responding to improved service in its stores, which saw better-than-expected sales in the company’s fiscal second quarter.
Higher gas prices may be changing some consumer spending decisions, but they don’t appear to be dampening consumers’ appetite for Starbucks.
Starbucks said Tuesday that its global same-store sales for the January-March period rose 6.2%. That was higher than the 4% increase Wall Street was anticipating, according to analysts polled by FactSet. In the U.S., same-store sales jumped 7%.
Unlike fast food companies, which have been piling on discounts to win back lower-income consumers, Starbucks said it continues to see traffic
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