A Starbucks coffee cup sits on a table at one of the coffee chain's locations in Miami, Florida, on June 11, 2021.
Starbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectations as both domestic and international sales fell short of estimates.
In North America, same-store sales also rose 5%, driven largely by customers spending more on their drinks and food.
Outside of Starbucks' home market, the coffee chain reported international same-store sales growth of 7%, missing expectations of 13.2%.
China, the company's second-largest market, reported same-store sales growth of 10%.
Persons:
Laxman Narasimhan
Organizations:
Starbucks, LSEG, Revenue
Locations:
Miami , Florida, North America, China