Starbucks Shares Soar on News of Sales Growth
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Starbucks shares soared even before the company announced September sales growth figures that trounced Wall Street estimates.
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Wall Street stocks rose on Tuesday as Starbucks (NASDAQ:SBUX) and Bear Stearns (NYSE:BSC) prepared to appoint new chief executives and after soaring commodity prices boosted stocks in the energy and mining sectors.
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Impressive sales of sodas and sandwiches send the stock to a new high.
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Starbucks Corp.  on Thursday  raised its store expansion target to 40,000 from its previous  goal of 30,000.
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Think there are too many Starbucks in the world? The coffee retailer apparently doesn&#39;t think there are enough. Starbucks yesterday expanded its estimate of outlets that it eventually plans to open worldwide to 30,000, up from 25,000.
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Molson Coors Brewing Co.   on Thursday reported that quarterly profit quadrupled, trouncing expectations, on higher pricing and volume growth, sending its shares up as much as 6.6 percent.
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Starbucks Corp. Wednesday posted its smallest monthly same-store sales increase since May of last year as a string of hurricanes slowed traffic into the coffee shop chain.
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SEATTLE, Jan. 31  /PRNewswire/ -- Fortune 500 companies like Starbucks know that it makes good business sense for its vendor companies to reflect its own diverse customer base, as well as the face of today's global economy.
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U.S. stocks rallied on Thursday, boosting the Dow to a record, as healthy sales from key retailers reassured investors about the economy, while takeover speculation drove Alcoa Inc.'s  shares to a lifetime high.
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Shares of coffee shop owner Starbucks Corp.  fell more than 7 percent on Thursday after the company's January same-store sales came below some analysts' expectations.
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Shares drop 4% after the bell as retailer posts single-digit growth for first time in nine months. SEATTLE  - Starbucks Corp.
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Starbucks Corp. on Thursday raised its store expansion target to 40,000 from its previous goal of 30,000.
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Stock futures gained on Tuesday as news of an executive reshuffle at Starbucks Corp  propelled the coffee chain's stock higher, while an advance in oil prices underpinned gains by energy companies.
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Starbucks Corp. SBUX.O said on   Thursday that sales at coffee shops open at least 13 months   rose 5 percent in August, at the high end of Wall Street   estimates, and shares rose slightly in after-hours trading.
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Starbucks Corp.  said on  Thursday that sales at coffee shops open at least 13 months  rose 5 percent in August, at the high end of Wall Street  estimates, and shares rose slightly in after-hours trading.
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Starbucks Corp. will raise U.S. prices on coffee, lattes and other drinks by about 9 cents a cup next week to help offset soaring costs on commodities such as milk and energy, a spokesman said on Monday.
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Starbucks Corp. SBUX.O on  Wednesday reported a 31 percent increase in quarterly net   income and raised its earnings forecast for the year on strong  sales of holiday products like Christmas Blend coffee beans.