Starbucks stock jumps as coffee chain's traffic grows for the first time in two years [MSNBC.com]
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Source: MSNBC.com
Starbucks"Our Q1 results demonstrate our 'Back to Starbucks' strategy is working and we believe we're ahead of schedule," CEO Brian Niccol said in a statement. "It's great to see the sales momentum driven by more customers choosing Starbucks more often, and this is just the beginning."The company also shared its first financial outlook since suspending its forecast in October 2024. For fiscal 2026, Starbucks is projecting adjusted earnings per share in a range of $2.15 to $2.40, on the lower end of Wall Street's estimates of $2.35 per share, according to LSEG. The company is also expecting global and U.S. same-store sales growth of at least 3%.Shares of Starbucks rose nearly 5% in early trading.Here's what the company reported for the quarter ended Dec. 28 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: per share:The coffee giant reported fiscal first-quarter net income attributable to Starbucks of $293.3 million, or 26 cents per share, down from $
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