Starbucks Earnings Fell Sharply. The Stock Is Jumping. - Barron's
1. Starbucks earnings fell sharply but beat expectations, boosting stock by 5%. 2. The company opened 377 new stores but global sales declined 4%. 3. CEO Niccol focuses on returning to core offerings and enhancing store experience. 4. Operational changes may impact near-term profitability but aim for long-term growth. 5. Analysts have a 50% Buy rating; stock price target averaged at $105.56.