Despite operating in an intensely-competitive space, Starbucks Corporation SBUX has performed exceedingly well of late. Shares of this restaurant company have surged 38.3% year to date, outperforming the industry and the S&P 500’s respective rally of 25.2% and 17.8%.
The impressive stock performance can be primarily attributed to a four-quarter stretch of earnings beats. The company continues to benefit from robust Americas and China-Asia-Pacific segments as well as frequent store openings. Comparable sales from China have increased for the third straight quarter.