Starbucks stock jumps as CEO says its 'Back to Starbucks' turnaround is gaining momentum

Starbucks' earnings report on Wednesday showed a Q1 win, and its stock rose in response. The coffee giant reported 4% same-store sales growth globally, driven by higher ticket sizes and transactions, and posted its first comparable transaction growth in the US in eight quarters.North America and US comparable store sales increased 4%, while international comparable store sales increased 5%, and Chinese sales increased 7% after Starbucks announced in November that it was selling a 60% controlling stake in i ...

Starbucks stock jumps as CEO says its 'Back to Starbucks' turnaround is gaining momentum - Reportify