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Starbucks earnings: US consumer stays resilient as beverage giant teases updated growth strategy

News Snapshot:

Starbucks (SBUX) brewed up some fiscal Q4 earnings early Thursday morning. While it beat most estimates, it was a tale of two countries. US consumers are still willing to splurge for their pumpkin spice and chai tea lattes, but Chinese consumers are tightening their wallets. Starbucks' overall revenue is up 11% to nearly $9.4 billion, higher than the $9.28 billion expected from Wall Street, while adjusted earnings per share came in at $1.06, which also beat estimates of $0.97. Global same-store sales jumped 8%, driven by a 4% increase in ticket size and a 3% increase in traffic. Shares of…

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