SBUX · Consumer
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Starbucks posted revenue of $9.5 billion with US comps surging 7.1%, crushing the 4% expected. EPS grew 22%. CEO Niccol called it 'the turn in our turnaround.' We break it down in plain English.
Starbucks posted something it hasn't done in two years: positive comparable transaction growth in the US. Transactions were up 3% year-over-year, marking the first time since Q1 FY2024 that more people actually walked into Starbucks stores. The stock surged 10% after earnings.
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