None
EN
Starbucks Just Raised Starbucks' Full-Year Profit Guidance by About 10%. Here's the Number Behind It.
['Daniel Sparks', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Starbucks (SBUX -0.88%) just raised the coffee giant's full-year profit forecast by about 10%.
In the U.S., the split was nearly identical, with comparable sales up 7.9% on 4.2% transaction growth and a 3.6% rise in ticket.
International comparable sales climbed 5.7%.
Where the raise comes fromThe profit recovery is arriving even faster than the sales recovery.
A multiple like that assumes the traffic keeps building and the margin recovery runs well beyond this year.