Starbucks Corp SBUX shares are trading higher by 2.25% to $111.80 Wednesday afternoon following recent strong earnings from Chipotle Mexican Grill, Inc. CMG and McDonald's Corp MCD.
What Happened With Chipotle And McDonald's?
Chipotle Mexican Grill reported quarterly earnings of $10.50 per share which beat the analyst consensus estimate of $8.92. The company reported quarterly sales of $2.37 billion which beat the analyst consensus estimate of $2.34 billion by 1.2%. This sales figure is a 17.2% increase over sales of $2.02 billion the same period last year...Read More
Meanwhile, McDonald's reported quarterly earnings of $2.63 per share which beat the analyst consensus estimate of $2.33. The company reported quarterly sales of $5.90 billion which beat the analyst consensus estimate of $5.59 billion by 5.5%. This is a 4.1% increase over sales of $5.67 billion in the same period last year...Read More
According to data from Benzinga Pro, SBUX has a 52-week high of $112.33 and a 52-week low of $68.39.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
