Starbucks Surges as Q3 Beats and Outlook Gets a Lift
TL;DR Summary
Starbucks beat estimates for Q3 with adjusted EPS of 85 cents and revenue of $9.32 billion, led by 7.9% global and 8.1% U.S. same-store sales; revenue dipped 1% due to selling its China stake as it forms a Boyu Capital JV. The company raised full-year guidance to $2.55–$2.65 per share and about 6% global SSS growth (US >6%), signaling stronger momentum under CEO Brian Niccol. The stock climbed more than 7% in after-hours trading.
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