Starbucks shares skyrocketed nearly 8 percent Thursday night after the company posted better-than-expected earnings and same-store sales growth during the fourth quarter.
Global same-store sales rose 3 percent, up from the 2.3 percent analysts had expected according to Refinitiv. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Adjusted arnings per share: 62 cents vs. 60 cents
- Revenue: $6.30 vs. $6.27 billion
- Same-store sales: vs. up 2.3 percent globally
The company posted earnings of 62 cents per share on $6.3 billion in revenue. Analysts had expected the company to report earnings of 60 cents per share on $6.27 billion, according to Refinitiv.