Starbucks Reports Improved Sales and Earnings in Fiscal Second Quarter
Starbucks reported its best sales results and first earnings growth in over two years during its fiscal second quarter, driven by service improvements and increased customer traffic. Same-store sales in the U.S. rose 7.1%, with global same-store sales up 6.2%, and earnings-per-share increased 32% to 45 cents. The company raised its sales and earnings expectations for the year.
Tickers: $SBUX
Topics: earnings growth same-store sales Starbucks stock performance turnaround