When Starbucks (Nasdaq: SBUX) announced its last earnings on January 24, 2019 for the 13-week fiscal period ending December 30, 2018, its shareholders were smiling. Its global comparable stores sales spiked a healthy 4%, and even sales in China, where it has faced problems, rose a respectable 1%.
It even opened 541 net stores in the first quarter of 2019, bringing its overall store level to 29,865 outlets, a 7% increase over the prior year. Of these openings, more than 65% were outside of the U.S., showing its global reach. The company also repurchased $5.5 billion in shares, strengthening its share price.