Starbucks Exceeds Revenue and Profit Estimates Due to Strong US Demand
Starbucks reported higher-than-expected quarterly revenue and profit, driven by strong US demand and improved comparable sales. The company's shares rose 5% in extended trading following the results. Global comparable store sales increased 6.2%, with US comparable sales rising 7.1%, both exceeding estimates.
Tickers: $SBUX
Topics: comparable store sales earnings profit revenue sales growth stock performance