Starbucks posted strong quarterly results after Thursday's market close. Revenue climbed 11% for the premium coffee house chain to $3.36 billion, with earnings of 46 cents a share. It's a far cry from a few years ago, when the chain was on the retreat due to the recession.
This week, we'll be seeing how some of the most famous stocks in America are doing: Apple, Facebook, Netflix and Starbucks will report earnings, and there are sure to be a few surprises.
There's never a dull moment on Wall Street, especially now that 2012 is rolling into its first earnings season. Let's go over some of the items that will help shape this week, among them: railroad stocks, Apple, Netflix, the maker of infant formula Enfamil, Starbucks and McDonald's.
Starbucks drew more customers to its stores and got them to spend more money, boosting its fiscal fourth-quarter profit 86% from the same quarter a year ago. Same-store sales grew 8% in that time.
Calling all investors: You'll want to pay close attention in the days ahead. The mid-term elections, FOMC meeting, retail sales figures, an update on the labor market and more earnings from Toyota, Starbucks and more could set the stage for quite an interesting week on Wall Street.
Starbucks posted on-target earnings, with same-store sales growing 9% from a year ago, thanks to 6% more traffic and a 3% increase in the average bill.