Starbucks Corp (NASDAQ:SBUX) shares are trading higher by 2.25% to $111.80 Wednesday afternoon following recent strong earnings from Chipotle Mexican Grill, Inc. (NYSE:CMG) and McDonald’s Corp (NYSE:MCD).
What Happened With Chipotle And McDonald’s?
Chipotle Mexican Grill reported quarterly earnings of $10.50 per share which beat the analyst consensus estimate of $8.92. The company reported quarterly sales of $2.37 billion which beat the analyst consensus estimate of $2.34 billion by 1.2%. This sales figure is a 17.2% increase over sales of $2.02 billion the same period last year…Read More
Meanwhile, McDonald’s reported quarterly earnings of $2.63 per share which beat the analyst consensus estimate of $2.33. The company reported quarterly sales of $5.90 billion which beat the analyst consensus estimate of $5.59 billion by 5.5%. This is a 4.1% increase over sales of $5.67 billion in the same period last year…Read More
According to data from Benzinga Pro, SBUX has a 52-week high of $112.33 and a 52-week low of $68.39.
