Advertisement
Canada markets open in 3 hours 51 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7325
    +0.0002 (+0.02%)
     
  • CRUDE OIL

    83.83
    +0.26 (+0.31%)
     
  • Bitcoin CAD

    88,073.52
    +629.80 (+0.72%)
     
  • CMC Crypto 200

    1,391.01
    -5.52 (-0.40%)
     
  • GOLD FUTURES

    2,360.60
    +18.10 (+0.77%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,720.00
    +152.50 (+0.87%)
     
  • VOLATILITY

    15.68
    +0.31 (+2.02%)
     
  • FTSE

    8,110.33
    +31.47 (+0.39%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

Starbucks earnings beat, raises forecast as customers spend more per visit

Starbucks reported earnings that beat estimates but slightly missed expectations with its quarterly revenue. The coffee chain's recently revamped loyalty program grew to 16.8 million active members in the U.S. during the quarter. Meanwhile, the company is facing increased competition in China from newcomer Luckin Coffee, which recently filed to go public.