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The coffee chain on Tuesday reported better-than-expected quarterly results.
Starbucks raised its annual comparable sales forecast to at least 5% from 3% or more.
KEY POINTS
- US comparable sales rose 6.2% in the fiscal second quarter, beating analyst expectations.
- Menu innovations like customizable refreshers and protein-boosted drinks are driving increased traffic and spending.
- Starbucks plans to add 150 to 175 net US stores this year, expanding in the Southeast.
- Over 300 Seattle headquarters employees are being asked to relocate to a new Nashville office.
COMPANIES
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