Welcome to First Bite, a Nation’s Restaurant News podcast, your daily source of news from NRN hosted by Holly Petre.
Today, we’re examining Starbucks’ latest earnings and what they mean for both the brand and the industry at large.
Starbucks announced its latest quarter earnings on Tuesday, and they did well — really well. Starbucks’ quarterly revenues rose to a record-breaking $8.2 billion with the North America segment along rising 13% to $6.1 billion. Same-store sales were up just 3% globally but 9% domestically. The goal of Starbucks’ quarter was improving employee morale as over 200 stores have now unionized.
Hear NRN senior editor Joanna Fantozzi explain more.
Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode.