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Benzinga

Business

Adam Eckert

'I'm Just Going To Continue To Add': Why This Investor Is So Bullish On Starbucks Following Earnings

Starbucks Stephanie Link United States Nasdaq SBUX Starbucks Corp Howard Schultz

Starbucks Corp (NASDAQ:SBUX) shares have been trending lower since the start of the year, but the stock is catching some bids Wednesday after the company reported strong earnings results.

What Happened: Starbucks said fiscal second-quarter revenue increased 15% year-over-year to $7.64 billion, which beat the $7.6 billion estimate, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 59 cents per share, which was in line with analyst estimates.

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One subscription that gives you access to news from hundreds of sites

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