Starbucks earnings top estimates despite China weakness

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Coffee retailer Starbucks (SBUX) has reported fourth-quarter earnings, beating estimates as global same-store sales rose by 8%. David Wagner, Aptus Capital...

David Wagner, Aptus Capital Advisors CFA, Equity Analyst & Portfolio Manager, notes"a pretty clean beat" for Starbucks after figures from its business in China came out better than expected.

The stock market is approaching a 'once-in-a-generation' buying opportunity as profits are about to take off almost everywhere, investment firm saysBank of Nova Scotia stock could be a major bargain in the banking scene right now. The post Canadian Bank Stocks Look Severely Undervalued: Here’s 1 With a 7.6% Yield appeared first on The Motley Fool Canada. -- Costco Wholesale Corp.

Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene' Potash prices have been falling after shipments from Belarus and Russia resumed. Demand for fertilizers was also weak during much of the year, analysts have said, as farmers waited for prices to settle down. Potash prices averaged $250 per tonne during the reported quarter, the company said, compared with $633 per tonne a year earlier.5 Top TSX Stocks You Can Confidently Invest $500 in Right Now

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starbucks Q4 earnings preview: US likely to stay resilient, China remains a wildcardDid the Pumpkin Spice Latte boost sales once again?
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Starbucks beat earnings estimates: US consumer stays resilient, but China pulls backWhile Americans are still shelling out for their pumpkin spice lattes, Chinese consumers are pulling back their spending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »