Daily Market Updates: Starbucks shares rise after company extends same-store sales growth

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Starbucks shares rise after company extends same-store sales growth

Starbucks reported its fourth straight quarter of same-store sales growth as it continues its turnaround efforts under CEO Brian Niccol.

Reported · Written up by our desk · Results

Starbucks shares rose after the coffee chain raised its full-year outlook, extending a recent improvement in store performance.

CNBC Markets reports that Starbucks posted its fourth consecutive quarter of same-store sales growth.

The company’s turnaround is being led by CEO Brian Niccol, who has guided the effort as the retailer works to build on the gains reflected in same-store sales.

Latest closeCoffee $340.50 ▲4.9%

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Sources

CNBC MarketsStarbucks stock jumps as coffee giant raises full-year outlook

CNBC WorldStarbucks stock jumps as coffee giant raises full-year outlook

CNBC EarningsStarbucks stock jumps as coffee giant raises full-year outlook

Earnings

Starbucks shares rise after company extends same-store sales growth

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