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.



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