SBUX stock is trading up this week after international coffee chain Starbucks Corp (NASDAQ:SBUX) reported solid fourth-quarter earnings, which topped analysts’ expectations.
Strong Chinese market Boosting SBUX StockThe gains in SBUX stock were driven by revenue of $6.75 million USD, compared to the expected figure of $6.68 billion USD, while earnings per share of 70 cents were in line with the consensus expectation. Global same-store sales, a key metric in measuring the performance of retailers such as Starbucks, grew by 5%, which also beat the expected figure of 4%. The coffee chain reported fiscal fourth-quarter ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.