Starbucks’ results reassure investors with a ‘show me story’

A Starbucks logo at a location in New York on Aug. 17, 2023.

Gabby Jones | Bloomberg | Getty Images

Starbucks (SBUX) delivered an upside surprise with its fiscal fourth quarter on Thursday, showing strong comparable-store sales growth and excellent margin expansion — and restoring investor confidence in the coffee maker’s ability to attain its long-term targets.

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