The world's largest coffee retailer said that despite tough economic times, more people are visiting its stores than last year at this time, and they're spending more. Starbucks raised its full-year forecast based on the strong trends, and its shares rose after hours.
"The third quarter really continues the trends we've seen for some time," Troy Alstead, chief financial officer at Starbucks, said in an interview with The Associated Press. "It's even more remarkable in what is a fragile consumer environment."
IF MORE PEOPLE ARE BUYING COFFEE AT STARBUCKS THEN MORE PEPOLE ARE FEELING BETTER ABOUT THE ECONOMY.
OR THEY ARE SAYING, "WHAT THE HECK, I MIGHT AS WELL HAVE GOOD CUP OF COFFEE BEFORE THE WHOLE DANG ECONOMY GOES OFF THE CLIFF!