Starbucks Stock Rises 8 Percent On Positive Earnings
Starbucks stock is surging in after-hours trading following the release of strong second-quarter earnings. The surge occurred during after-hours trading sessions. Starbucks reported second-quarter revenue of $9.5 billion, representing a 9% increase. CEO Brian Nichols noted a second consecutive quarter of customer traffic growth within stores. The company also raised its financial outlook for the remainder of the fiscal year. The company also boosted its full-year comparable sales forecast. Sales of cold foam products increased by more than 40 percent during the second quarter. The stock performance represents the largest intraday gain for the company since January. Starbucks stock rose approximately 8 percent on Wednesday following the release of its quarterly earnings report.
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Sources · 7 independent
“Starbucks stock is surging in after hours trading after the coffee giant posted strong second quarter earnings.”
“after hours trading after the coffee giant posted strong second quarter earnings.”
“Revenue hit $9.5 billion up about 9%. CEO Brian Nichols says they're also seeing more customers inside stores marking a second straight quarter of traffic growth.”
“Starbucks stock jumped in after hours trading after the coffee giant posted strong second quarter earnings. Revenue hit $9.5 billion up 9%.”
“Starbucks largely had us sales to think for that beat and interestingly enough to me the popularity of cold foam among Gen Z Yeah, the sales of cold foam was up more than 40% in the second quarter.”
“Starbucks was one of the biggest winners on the S&P 500 on Wednesday. The coffee house chain posted earnings wealth for the first time in a few years as it tries to improve customer service.”
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