Starbucks shares rose by more than 6% in early market trading today after a resounding earnings beat has analysts raising their estimates for the coffee chain.
late Thursday that has analysts raising their estimates for the coffee chain.
Starbucks topped Wall Street estimates for fiscal third-quarter earnings, revenue and same-store sales growth, and raised its outlook for the year. All of this is giving investors more confidence in the plans the company has laid out to boost growth in these two key markets. In China, the coffee chain reported same-store sales growth of 6% in the country during the quarter, with 3% more transactions.
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