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Starbucks' quarterly growth slips on competition, waning customer enthusiasm

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Starbucks' quarterly growth slips on competition, waning customer enthusiasm

Starbucks' quarterly growth slips on competition, waning customer enthusiasm
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Jason Lee(Reuters)
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NEW YORK (Reuters) - Starbucks Corp <SBUX.O> on Thursday reported quarterly same-store sales rose 1 percent globally and in its U.S. cafes, while growth in the once-robust China market slipped 2 percent amid fierce competition and stricter regulations on delivery services.

Starbucks, the world's biggest coffee retailer, said a 3 percent increase in average tickets drove the rise in same-store sales for its fiscal third quarter.

(Reporting by Alana Wise; Editing by Leslie Adler)

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