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Starbucks reports same-store sales growth for the first time in nearly two years

1. Starbucks' same-store sales grew for the first time in nearly two years. 2. U.S. same-store sales turned positive in September, defying Wall Street projections. 3. Company reported $9.57 billion revenue, surpassing analyst expectations. 4. Starbucks closed 627 locations, laid off 900 employees as part of restructuring. 5. Sales in China rose 2%, prompting a potential stake sale in that market.

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FAQ

Why Bullish?

Starbucks' ability to return to growth suggests a positive trend. Historically, similar turnarounds have boosted stock prices significantly.

How important is it?

Positive sales growth and restructuring efforts indicate improving fundamentals, likely influencing investor sentiment.

Why Short Term?

Immediate positive sentiment due to quarterly results may influence short-term stock price. Past earnings announcements often lead to swift reactions from investors.

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