Starbucks Executive Said Fall Season Launch Led To Record-breaking Average Weekly Sales; 90-day Active Rewards Members Reached Record Of Nearly 33M In Q4; Set Records In Spend Per Member, Total Member Spend -Conf Call
Portfolio Pulse from Charles Gross
Starbucks has reported record-breaking average weekly sales following its fall season launch. The company also saw a record number of nearly 33 million active rewards members in Q4, setting records in spend per member and total member spend.
November 02, 2023 | 11:37 am
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Starbucks' record-breaking sales and increased rewards membership in Q4 could potentially boost its stock price in the short term.
The record-breaking sales and increased rewards membership indicate a strong performance by Starbucks in Q4. This positive news could potentially lead to increased investor confidence and a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100