1 Incredible Company's Record Quarter
Today, Fool.com analysts Ron Gross, James Early, and Joe Magyer join Chris Hill to look at Starbucks' incredible quarter. Post-earnings shares were up 10% on strong same store-sales.
As Ron points out, the company was more promotional this quarter than in the past, which can be a risk to margins, but on the whole the company is still performing very well.
In addition to raising guidance, the company also announced that it'll add 1,300 stores in the next year.
As Starbucks has shown, the best investing approach is to choose great companies and stick with them for the long term. In our free report "3 Stocks That Will Help You Retire Rich," we name stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article 1 Incredible Company's Record Quarter originally appeared on Fool.com.Chris Hill, James Early, Joe Magyer, and Ron Gross have no positions in the stocks mentioned above. The Motley Fool owns shares of and has options on Starbucks. Motley Fool newsletter services recommend Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.