Starbucks’ revenue in the Chinese market rose 51% year over year in the fiscal third quarter of 2023 on the back of an increase in same-store sales.
The Seattle-based coffee chain’s China revenue jumped to $821.9 million in the three months ended July 2, from $544.5 million a year earlier, according to a release on Tuesday.
Comparable sales climbed 46% year over year, driven by a 48% growth in comparable transactions, which offset the 1% decline in average ticket sales.
“In China, we hit the highest number of 90-day active users we have ever had at over 20 million Starbucks Rewards customers. This is further evidence of our brand strength, relevance, and customer engagement in the market,” said Starbucks CEO Laxman Narasimhan during an earnings call.