Restaurant giant Starbucks Corporation (SBUX) beat revenue estimates by $98.18 million for its fiscal 2022 fourth quarter. Interim CEO Howard Schultz said, “We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year.”
He added, “Reinvention will touch, and elevate, every aspect of our Starbucks partner, customer and store experiences, and ideally position Starbucks to deliver accelerated, sustainable, long-term, profitable growth and value creation beginning in 2023.”
