Starbucks Corp raised its annual earnings forecast after quarterly same-store sa...
) raised its annual earnings forecast after quarterly same-store sales exceeded Wall Street estimates on Thursday, as the world’s largest coffee chain saw robust demand in the United States and China for its new beverages.
Starbucks has been trying to make its menu more appealing by adding new beverages such as the Dragon drink and Cocoa Cloud Macchiato, while also expanding the delivery side of its business with new partnerships. The company has been investing heavily in China, which accounts for a fifth of its total revenue, by opening new stores and expanding delivery to cater to increased demand for on-the-go coffee.
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