Starbucks Shares Are Surging

Starbucks shares are up 7% after reporting what CEO Howard Schultz called “the best across-the-board third-quarter performance in our 42-year history.”

Total net revenues increased 13% to $3.7 billion, in line with estimates.

Earnings came in at $417.8 million for $0.55 EPS, versus $0.53 expected and $333.1 million/$0.43 a year ago.

Here’s the chart:


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