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00:02Starbucks shares traded higher on Wednesday as investors reacted to an earnings update
00:07that pointed to improving traffic and progress in the company's turnaround efforts, according to Benzinga.
00:13The coffee giant company reported second quarter adjusted earnings of 50 cents per share
00:18on $9.53 billion in revenue, beating analyst expectations of $0.42 per share and $9.13 billion.
00:27Operating margin was 9.4% versus expectations of 8.2%.
00:33Starbucks raised fiscal 2026, adjusted earnings guidance to $2.25 to $2.45 per share, from $2.15 to $2
00:43.40.
00:44CEO Brian Nichol said the quarter marked a turn in the company's back-to-Starbucks plan.
00:50North America comparable store sales increased 7.1%.
00:54International comparable sales rose 2.6%.
00:57And China comparable sales increased 0.5%.
01:01Shares were up by 1.24% at $106.24 in Thursday's pre-market trading, according to data from Benzinga
01:11Pro.
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01:14One of the fan members, visit Benzinga Pro.
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