Starbucks Corp. (SBUX) shares are up about 6% during pre-market trading after the company reported record sales for the second quarter yesterday. Revenue rose 14.5% year-over-year to $7.64 billion, beating estimates by $33.5 million. Earnings per share at $0.59, on the other hand, lagged consensus by $0.01. Q2 Performance Globally, comparable-store sales rose 7%, and in the U.S., by 12%. Notably, this outperformance came despite inflationary challenges and COVID-19-induced lockdowns in China. During the quarter, Starbucks opened 313 net new stores, taking the total global store count to 34,630. Management Weighs In Starbucks' Interim Chief Executive Officer, Howard Schultz, said, “We are single-mindedly focused on enhancing our core U.S.
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