Starbucks (SEX) posted its first quarter of same-store sales growth in North America and the U.S. in two years on Wednesday as the company continues its turnaround efforts under CEO Brian Niccol.

In its first fiscal quarter ended on December 28, Starbucks reported same-store sales in the U.S. and North America rose 4%beating estimates of a 2% increase. The increase was driven by a 3% increase in foot transactions and a 1% increase in the average ticket.

Starbucks last reported positive same-store sales for its U.S. and North American unit in the first quarter of its 2024 fiscal year. Starbucks shares rose as much as 4% after the results.

The company reported that same-store sales in China rose 7% in the latest quarter, more than the 2.5% rise expected by Wall Street. Foot traffic increased by 5% in the region, while the average ticket size increased by 2%. More than 60% of Starbucks’ store base is located in the US and China. During the quarter, Starbucks sold a majority stake in its China business to Boyu Capital in a deal that valued the business at $4 billion.

Global same-store sales posted a second straight quarter of growth, rising 4%, more than the 2% increase expected.

Overall, Starbucks reported adjusted earnings per share of $0.56, missing the EPS estimate of $0.59. Revenue beat estimates, coming in at $9.9 billion against expectations for $9.65 billion, according to Bloomberg data.

“Our first quarter results demonstrate that our ‘Back to Starbucks’ strategy is working and we believe we are ahead of schedule,” CEO Brian Niccol wrote in the statement.

There is a “clear line of sight for superior strength in sustainable profit growth that positions us for long-term profitable growth,” added CFO Cathy Smith.

Brooke DiPalma is a reporter for Yahoo Finance. Follow her at X at @Brooke DiPalma or email him at [email protected].

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