By CCN: Starbucks continues to crush it globally, delivering another quarter of strong earnings growth, on the backs on impressive same-store sales growth. Global comparable store sales increased 3%, driven by a 4% increase in domestic average ticket, and 2% in China/Asia Pacific. Starbucks’ stock raced to a new high as investors welcomed a stronger-than-expected earnings performance and solid guidance. Long-Term Gains for Starbucks Stock The fact that Starbucks same-store sales had 4% growth in the United States, even after all these years, is a miracle. Note that the increase came on the backs of pricing power alone, not increased
The post On-Fire Starbucks Stock Is Up an Impressive 20% So Far in 2019 appeared first on CCN
Read the original post: On-Fire Starbucks Stock Is Up an Impressive 20% So Far in 2019
