Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wage Increases and investment in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor Howard Schultz in march,
Thank you for joining us this morning. Im jessicica dean, Cnn News Infrastructure right now from campaign rivals to running mates, potentially maybe, who knows donald trump is talking about nikki haley in a whole new way today, the nicknames hey, attack leinz now distant history after she said she would vote for him, it is projected to be the busiest travel weekend and over two decades, what you need to know if youre one of the millions of americans set to head out for memorial day overnight. A monumental shift in College Sports, Revenue Sharing with athletes and other words schools will pay them directly to play. The huge range of implications from this major decision. Im john berman with kate bolduan, amara walker is in for sarah in this is Cnn News Central so what is this, what an olive branch looks like in 2024, you be the judge after their bitter rivalry during the republican primary, gone are the days and trump calling nikki haley bird brain, not mocking her name making one of he
Victims call now 30 billion in trust money has been set aside. You may be entitled to a portion of that money all when 8085920400. Thats when 8085920400 so sorry, labor day, the end of summer are used to signal the final push for president ial campaigns. But this is an election unlike any other, how campaigns are strategising as summer kicks into high gear . Plus fighting for answers. The families of four marines killed in an osprey crash in the desert are now suing boeing and others for negligence. They claim there was a defect that they werent warned about properly. One for their Family Members will join us live. And his nickname was gods influenced her now, this italian teenager and Computer Prodigy is set to become the Catholic Church occurs first millennial saint. We are following these stories and many more all coming in right here to see Cnn News Central turning up the heat as the race for the white house hits a critical point. We are learning new details about the biden and tru
Here. Plus, a major hurdle for those who take the ferry from alameda to the big closure thats now in place through the end of the year. And the alternative routes youll need to take. Live from Jack London Square this is mornington to the nine. Today is monday, october 23rd. Were looking live at the San Francisco bay. And then theres the estuary in the middle and at the very back is mount diablo. A little bit of fog sprinkled in. This is a very , very nice shot here of the bay area and the rain is done. Were going to talk to steve in just a little bit about what we can expect this week. If you want to raise a happy, successful child, experts say to wait as long as possible to give them a phone. Thats according to a yale psychology professor. According to a report from common sense media. Children ages 8 to 12 who have phones spend about five hours a day glued to them while teenagers are on them for about eight hours a day. Experts say this behavior is likely to encourage Poor Mental Hea