Starbucks’ quarterly results showed revenue of $9.92 billion, up 5.5% year over year, beating estimates. Adjusted EPS of 56 cents fell slightly below expectations. Comparable store sales rose 4%, exceeding the 2.3% estimate. CEO Brian Niccol’s efforts are paying off, with U.S. comps up 4% driven by increased transactions and average ticket. In China, same-store sales grew 7%. Starbucks still aims to improve profitability through investments. Niccol will share longer-term guidance at the investor day.

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