Starbucks Sees Strong Comparable-Store Sales Growth Again
Following a fiscal year in which comparable-store sales growth accelerated, Starbucks (NASDAQ: SBUX) kicked off fiscal 2020 with more strong momentum. Revenue grew nicely in fiscal Q1 as non-GAAP (adjusted) earnings per share beat analyst estimates. In addition, the company reported a comps growth rate for the period that was above management's guidance range for the fiscal year.
"Building on solid business momentum from fiscal 2019, Starbucks performed very well throughout the first quarter, including one of the strongest holiday seasons in the history of our company," CEO Kevin Johnson said in a press release.
Here's a look at the coffee giant's latest numbers.
Source Fool.com
