Starbucks reports mixed quarterly results as company's turnaround propels traffic growth

Starbucks just reporting earnings of 56 cents per share. It did miss estimates of 59. Now revenue coming in at $9.9% billion.That topped street expectations of $9.7% billion. Global comp store sales rose by 4% beating estimates of 2.3% and US comp store sales were also up 4%. China comps rising by 7%.CEO Brian Nichols said the Q1 results demonstrate that it is back to Starbucks strategy is working and they believe they are now ahead of schedule. As for guidance, the company sees fullear earnings of $2 to5 $ ...