A coffee-shop chain reported 7.2% comparable-store sales growth in its fiscal fourth quarter
Starbucks reported a 7.2% rise in same-store sales for its fiscal fourth quarter, as its turnaround plan drove revenue growth in the U.S., The Wall Street Journal said. The company posted a profit of $677.2 million, or 59 cents a share, compared with $133.1 million, or 12 cents a share, a year earlier.
More context
The coffee-shop chain’s comparable-store sales advanced 7.2% in the fourth quarter of its fiscal year, with its turnaround plan driving U.S. revenue growth, The Wall Street Journal reported. Its profit totaled $677.2 million, or 59 cents per share, up from $133.1 million, or 12 cents per share, a year earlier.
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Reporting
- The Wall Street Journal — Starbucks Same-Store Sales Rise 7.2% as Turnaround Plan Drives Growth - WSJ
Verifier’s note
The Wall Street Journal reports stronger fourth-quarter same-store sales driven by U.S. growth, consistent with the claimed progress in Starbucks’ turnaround. LinkedIn’s result is an aggregation, not direct publisher reporting.