Starbucks' quarterly growth slips on competition, waning customer enthusiasm

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.

FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, U.S. on October 27, 2015. REUTERS/Lucy Nicholson/File Photo

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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