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CLAIM #52991 · Starbucks Corporation (SBUX) · 2023Q2 earnings call · May 2, 2023 · due Sep 30, 2023

Given the success we are seeing, we look forward to bringing this exciting new offering to more stores and more markets around the world this year.

Laxman Narasimhan · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
bringing this exciting new offering to more stores and more markets around the world this year
Reported
The cold foam blenders are now rolled out to all U.S. company-operated stores

In context

comp growth in both North America and the U.S. for the second quarter, driven by mid-single-digit growth balanced between transactions and ticket. Our North America growth comes on top of 12% comp growth in the prior year. We expect this demand to continue as we push the envelope with innovation. A recent example is the highly successful launch of Oleato, an innovation Howard identified and is personally led for us. In fact, we have already reached an audience of 5 billion people since our announcement of the February global launch, Starbucks Oleato beverages, making this one of the top 5 product launches in the last 5 years in terms of brand awareness and excitement. The new innovative beverage platform is currently available in 650 stores across three markets: Italy, Japan and the U.S. Given the success we are seeing, we look forward to bringing this exciting new offering to more stores and more markets around the world this year. Scaled profitable innovation is one of the things that was our performance and is a continued area of focus. Our performance is the result of a near perfect intersection of three things: one, our successful innovative beverages suggests our Pistachio Cream Cold Brew, that inspires the expanded use of Two, our food portfolio, which resulted in record sales of our egg bytes and breakfast sandwiches. And three, our attractive convenience capabilities, Mobile Order & Pay, drive-thru and delivery, we saw sequential improvement and now accounts for 74% of Q2 U.S. company-owned revenue. You can expect us to lean strongly on purposeful innovation to further capture the tremendous opportunity, both in what we do and in how we do it. Speaking of convenience channels, our 90-day active Starbucks Awa

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SEC filings for SBUX · Claim quote is verbatim from the 2023Q2 earnings call.