Starbucks, Coca-Cola Deliver 7.9% and 7% Sales Growth as Core-Business Focus Pays Off
Updated
Updated · Yahoo Finance · Aug 2
Starbucks, Coca-Cola Deliver 7.9% and 7% Sales Growth as Core-Business Focus Pays Off
3 articles · Updated · Yahoo Finance · Aug 2
Summary
Starbucks posted 7.9% global comparable-store sales growth, its fourth straight quarter of gains under CEO Brian Niccol, while adjusted EPS of $0.85 beat the $0.66 analysts expected.
That rebound was driven by tighter focus on store basics, afternoon traffic and cost cuts, which lifted Starbucks' operating margin to 14.4% from 10.1% and prompted higher full-year guidance.
Coca-Cola showed a similar pattern: net sales rose 7% to $13.4 billion, comparable EPS increased 11% to $0.97, and organic growth was supported by a 5% rise in global unit case volume.
Brand-level demand reinforced the momentum, with Coca-Cola trademark volume up 5% and Powerade up 8%.
The results stood out as investors punished heavy-spending tech names such as Meta, rewarding large consumer companies that are emphasizing execution, profitability and shareholder returns.