Mobile Payment Magazine

  • The Basics
  • News
  • Research
  • Events
  • Company Profiles
You are here: Home / News / Starbucks Stunning Quarter Due in Part to Mobile Payments Loyalty Program

Starbucks Stunning Quarter Due in Part to Mobile Payments Loyalty Program

May 11, 2015 by Mobile Payment Magazine

Due in part to its Mobile Payments and Loyalty program, Starbucks reported a stunning 2015 First Quarter profits, with an 18% jump in revenue to $4.6 billion, to beat expectations while profit jumped 16 percent.

Last quarter, a record 1.3 million new members enrolled in the Starbucks loyalty program, which includes mobile payment, to bring total active sign-ups to 10.3 million.

Breakfast sandwiches and other food items also were strong, with breakfast sandwiches in particular recording a 35% year-over-year growth.

Read more, via Slate.

Related

Filed Under: News Tagged With: Starbucks

STAY INFORMED

Twitter: MobilePmnt

Tags

American Express android Apple Apple Pay AT&T Bank of America boku China Facebook Gemalto google Google Wallet Intuit iPhone Isis MasterCard mFoundry Microsoft mobile banking mobile commerce mobile conferences mobile conferences 2011 MobilePayment Mobile Payment Research 2015 MobilePayments mobile wallet NFC Nokia Obopay Orange PayPal Research and Markets Samsung SMS Sprint Square Starbucks T-Mobile Unbanked VeriFone Verizon Visa Vodafone Wells Fargo Zong
  • Home
  • About Us
  • Copyright & Terms
  • Contact