Starbucks turnaround plan ‘really taking effect,’ stock gains on earnings


Coffee giant Starbucks (SBUX) is getting a stock lift in Tuesday’s extended hours trading after releasing fiscal second quarter results that topped adjusted earnings ($0.50 per share vs. expectations of $0.43) and net revenue estimates ($9.5 billion vs. expectations of $9.14 billion)

Placer.ai head of analytical research R.J. Hottovy comes on Asking for a Trend to discuss what the coffeehouse chain’s same-store sales growth may signify about the progress in CEO Brian Niccol’s turnaround strategy.



Source link

  • Related Posts

    Liberals target affordability to meet era of uncertainty in spring fiscal update

    OTTAWA — The federal Liberals say they’re putting the windfall from an unexpected boost in revenues into measures to make life more affordable, build up the economy and promote the…

    Grand jury indicts Comey for alleged threat against Trump

    IE 11 is not supported. For an optimal experience visit our site on another browser. FCC orders early review of Disney’s TV licenses 02:28 King Charles kicks off historic trip…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Minister says B.C. gov’t won’t buy Vancouver Whitecaps, but will help soccer team cut costs

    Minister says B.C. gov’t won’t buy Vancouver Whitecaps, but will help soccer team cut costs

    believers (a Sermon)

    believers (a Sermon)

    The Best J.Crew New Arrivals of May 2026

    The Best J.Crew New Arrivals of May 2026

    Federal judge dismisses DOJ lawsuit against Arizona seeking voter data

    Federal judge dismisses DOJ lawsuit against Arizona seeking voter data

    Liberals target affordability to meet era of uncertainty in spring fiscal update

    Liberals target affordability to meet era of uncertainty in spring fiscal update

    Conspiracy videos about the WHCD shooting keep rolling in

    Conspiracy videos about the WHCD shooting keep rolling in