Loyalty members, sales push Starbucks profit higher in Q3

Coffee-shop chain Starbucks posted third-quarter earnings on Thursday, with net revenue jumping 11% to a record $6.3 billion. Profit was up 13% y-o-y at $0.62 per share meeting market consensus. Comparable store sales were up 1% both globally and in the US, sending shares up 0.5% in after-market trading shortly after the results were announced. … Continue reading Loyalty members, sales push Starbucks profit higher in Q3