Trending: Starbucks Higher After Earnings Beat

1344 EDT -- Starbucks Corp. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Starbucks stock soared 10% to lead S&P 500 gainers, and put it on track for its biggest one-day gain in more than a year after the coffee store chain posted better-than-expected earnings for its fiscal fourth quarter. The last time the stock rose that much was March 24, 2020, when it climbed 14.7%, according to Dow Jones Market Data. U.S. customers "continued to favor more premium beverages creating a new normal as it relates to mix and customization," Chief Financial Officer Rachel Ruggeri told analysts. The average ticket in North America rose 6%, while it was up 5% at international operations. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)

(END) Dow Jones Newswires

November 02, 2023 13:59 ET (17:59 GMT)

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