Starbucks said it made more money than expected last quarter, with earnings at $0.80 per share and $9.14 billion in sales, plus a $1 billion buyback plan.

SBUX · Starbucks Corporation

The AI's read

More customers visited U.S. stores, and each visit brought a larger average purchase. That helped existing-store sales rise, alongside a wider operating margin. Closing about 250 underperforming North American locations is a concern. Starbucks described the closures as part of its turnaround, and stronger sales and profit measures outweigh that concern. Its $1 billion repurchase plan also uses company cash to buy shares.