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Starbucks 1Q Same-Store Sales Up 9% In Americas

Starbucks Corp. began the fiscal year with a record-breaking first quarter, with same-store sales rising 9% in the Americas. The company posted a 4% increase in traffic, and said a record $1.9 billion was loaded onto Starbucks cards in the U.S. and Canada. One in six American adults received a Starbucks gift card during the quarter, an increase from one in seven the previous year. Globally, same-store sales increased 8%, including a 4% increase in traffic for the Dec. 27-ended quarter, the company said.

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