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Starbucks Q2 results top expectations amid North America growth, rebound in China

Investing.com -- Starbucks reported Tuesday better-than-expected second-quarter results, driven by growth in its core North America market and a rebound in China.  

Starbucks (NASDAQ:SBUX) shares fell 2.5% in after-hours trade following the report.

Starbucks announced EPS of $0.74 on revenue of $8.7 billion. Analysts polled by Investing.com anticipated EPS of 65 cents on revenue of $8.4B.

Comparable store sales increased 11%, underpinned by a 6% increase in comparable transactions and a 4% increase in the average ticket.

In its core North America market, Starbucks reported comparable store sales increased 12%. International comparable store sales increased 7%, while China, the coffee chain's second largest market, was up 3% year-on-year in Q2. The return to growth in China following a 29% slump in Q1 comes after the country lifted its zero-COVID policy.  

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.