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Starbucks posted its strongest quarterly sales growth in two and a half years on Tuesday.
Starbucks posted its strongest quarterly sales growth in two and a half years this quarter.
KEY POINTS
- Investments in additional staffing, totaling over $500 million, are compressing North American margins.
- Starbucks expects margin pressure from import tariffs and coffee prices to ease in the year's second half.
- Despite higher sales outlook, the company gave a less robust increase in expected earnings per share.
- Customer traffic increased across all income cohorts, attributed to Niccol's operational changes.
COMPANIES
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