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According to an article on <a href="https://www.barrons.com/articles/starbucks-stock-hits-record-after-earnings-news-51564158401?utm_source=1851franchise.com&utm_medium=article&utm_campaign=starbucks-stock-reaches-record-high-following-successful-q3-2710608" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Barron&rsquo;s</a>, shares of Starbucks &quot;rose to all-time highs&rdquo; following the coffee chain&rsquo;s Q3 earnings call. &ldquo;Starbucks stock was up 7% to $97.36 near midday in New York,&rdquo; the article stated. An earlier high of $97.93 marked a record for the shares, which had risen 41% in 2019 through Thursday&rsquo;s close.

&ldquo;Earnings, revenue, and global same-store sales all beat WallStreet&rsquo;s expectations,&rdquo; the article stated. &ldquo;The company lifted its year-end targets for all three numbers Thursday evening.&rdquo;

Among the key strategies laid out by the company was the continued focus on Starbucks&#39; <a href="https://www.restaurantdive.com/news/starbucks-digital-strategy-is-working-now-it-wants-to-dive-deeper/559631/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=starbucks-stock-reaches-record-high-following-successful-q3-2710608" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">app-based rewards program</a>, which hit the 17.2 million 90-day active user mark, and is growing 14% year-after-year.

According to the article, one interesting highlight was when Starbucks management said that in the Americas, where same-store sales rose 7% during the quarter, cold drinks were a standout. The combination of improved digital execution, beverage innovation, sizable general and administrative savings initiatives and more have all contributed to the record-breaking stock prices.

To read the full article, click <a href="https://www.barrons.com/articles/starbucks-stock-hits-record-after-earnings-news-51564158401?utm_source=1851franchise.com&utm_medium=article&utm_campaign=starbucks-stock-reaches-record-high-following-successful-q3-2710608" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>.&nbsp;

Starbucks Stock Reaches Record High Following Successful Q3

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