Starbucks Raises Its Full-Year Guidance as Comparable Store Sales Jump 7.9%. Here’s What Investors Need to Know.
Shareholders just got a caffeinated jolt from the coffee purveyor.
Overview
Once upon a time, Starbucks (NASDAQ:SBUX) was about as close to a "sure thing" you could get in investing. However, after years of dependable increases, its growth stalled, as cool as day-old joe.
The company swung for the fences, tapping former Chipotle CEO Brian Niccol to put things right, and his efforts are beginning to pay off. Starbucks faced a crucial test when the company reported after the market close on Wednesday, and the results were positively steamy.
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Originally published at www.fool.com.
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