Here's Why Starbucks Stock Popped Today After Reporting a Significant Drop in Sales
Starbucks(SBUX) The Motley Fool·2025-01-29 18:13Shares of coffee giant Starbucks (SBUX 7.98%) popped on Wednesday after the company reported financial results for its fiscal first quarter of 2025 -- the first quarter of its hopeful turnaround. Global transactions fell 6% but Starbucks stock was counterintuitively up 7% as of 12:30 p.m. ET. Here's why.Starbucks' plan is said to be on trackAs fiscal 2024 was wrapping up, the backwards momentum for Starbucks' business was certainly accelerating. Global same-store sales dropped 7% year over year in the fourt ...