Starbucks Starbucks stock surged Thursday after the coffee chain posted fourth-quarter results that came in stronger than expected and teased details of a new strategy.
“As we enter the current year, in the face of macro uncertainty, we remain confident in the momentum throughout our business and headroom globally. We expect sustained momentum throughout the company for years to come,” CEO Laxman Narasimhan said. Starbucks has scheduled an investor update for 4 p.m. Eastern time, where the company will detail a new strategic update called Triple-Shot Reinvention.
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