Starbucks Chairman and CEO Brian Niccol says that customers are spending more per visit by adding drink additions and food, while improved staffing and store upgrades are boosting transactions. Speaking to Romaine Bostock on Bloomberg Open Interest, Niccol says that the company&#x27;s turnaround efforts are driving broad-based sales gains across customer demographics.<br>See omnystudio.com/listener for privacy information.

Starbucks CEO Brian Niccol Talks Strong Sales, Earnings

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[SPEAKER_06] Podcasts, radio, news. Chipotle and Starbucks, both of them raised their guidance after stronger than expected quarters thanks to trendy new menu items and revamped loyalty programs. All those stocks up across the board. But let's dive deeper into Starbucks. Romaine Bostic, co-host of The Close, is joining us this morning alongside the CEO of Starbucks, Brian Niccol. Romaine.

[SPEAKER_02] That's right. Brian Niccol joining us right now, fresh off of last night's earnings report, 7.9 percent comp growth. Brian, obviously the street likes what they hear. But I do need to get a little bit more color as to exactly where that is coming from. Transactions, 4.2 percent. That's foot traffic, Brian. Is that just favorable comps? Are you truly getting more people into the store?

[SPEAKER_00] Yeah, no. Great to be here. And look, the reality is what's terrific to see is the growth is coming from more customers coming into Starbucks more often. And, you know, that's just a foundational strength. And the good news is we're seeing it across all income groups and really all age groups. So just really terrific strength moving through our stores.

Starbucks CEO Brian Niccol Talks Strong Sales, Earnings

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Starbucks CEO Brian Niccol Talks Strong Sales, Earnings

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.