Starbucks Record Revenues Thanks To Customization, Cold Drinks and Food

Americans are placing bigger Starbucks orders than ever before. Starbucks posted its highest-ever quarterly revenues Tuesday, which the chain credited in part to more customers ordering customized drinks and cold beverages, as well as a record number of people adding food to their orders. Starbucks’ net revenues were up 78% year-over-year, to a record $7.5 billion, fueled by huge growth in its Americas segment. People have been placing more expensive orders during the pandemic. Average US ticket size at company-owned stores has now reached a record high, COO John Culver said during the company’s earnings call Tuesday.

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Source: Business Insider