Starbucks Beats First-Quarter Global Comparable Sales Estimate as Demand Rebounds
Starbucks reported a bigger-than-expected rise in first-quarter comparable sales on Wednesday, as demand rebounded in the U.S. after nearly two years in early signs of success of CEO Brian Niccol's turnaround efforts.
The company's shares rose 5% in premarket trading after it also reinstated its full-year targets ahead of its first investor day under Niccol on Thursday in New York.
Niccol has focused on reviving the company's coffeehouse culture in the U.S. to bring back consumers and fend off newer rivals.
Starbucks has trimmed nearly 30% of its offerings in U.S. stores at the end of 2025 as part of simplifying its menu...
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