Starbucks reports quarterly profit exceeding expectations and shifts to growth plan
SBUX Starbucks Corp
$109.44 +3.82%
View chart & analysis → - 1Starbucks adjusted earnings per share (EPS) for the July-September period rose 54% year-over-year to 80 cents.
- 2CEO Brian Niccol stated that the strategy has shifted from a turnaround plan to a growth plan.
- 3CEO Brian Niccol said the strengths of the business gave him confidence to promise a 4% comparable store sales growth rate.
So what's the key point?
Starbucks earned more profit than experts expected. The company is now moving beyond a turnaround to focus on growth and aims to increase store sales by 4%.
Source CNBC · View original ↗
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