All articles tagged with #international sales
Lululemon reported strong quarterly earnings, surpassing profit and sales expectations, and achieving double-digit comparable sales growth internationally. The company also raised its fiscal year 2024 guidance, exceeding Wall Street's forecasts, which boosted its stock in after-hours trading.
McDonald's CFO Ian Borden stated that international sales will decline this quarter due to the Middle East conflict and weak demand in China, causing the company's shares to drop 2% in early trade. The first-quarter comparable sales in McDonald's International Developmental Licensed Markets segment are expected to be slightly lower than the prior three-month period, with the company attributing the decline to the impact of the war in the Middle East and sluggish start in China.
Starbucks reported better-than-expected earnings and revenue for Q2 2021, driven by strong international sales, particularly in China where same-store sales increased for the first time since Q3 2020. The company's same-store sales climbed 11% in the quarter, beating estimates, with U.S. same-store sales jumping 12%. Starbucks also reported an increase in active U.S. loyalty program members. The company plans to discuss its fiscal 2023 financial targets during the conference call.