Starbucks posted its first quarter of North America and US same-store sales growth in two years, with a 4% increase driven by foot transactions and average ticket size. The company also reported positive same-store sales in China, up 7%, and sold a majority stake in its China business for $4 billion.

Global same-store sales increased by 4%, surpassing expectations. Despite missing EPS forecasts, Starbucks reported revenue of $9.9 billion, exceeding estimates. CEO Brian Niccol expressed confidence in the company’s turnaround strategy, while CFO Cathy Smith highlighted a path to sustainable earnings growth for long-term profitability.

Read more at Yahoo Finance: Company posts first quarter of US sales growth in 2 years as turnaround continues