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Why Starbucks Stock Surged Today

TheMotleyFool

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Why Starbucks Stock Surged Today: https://g.foolcdn.com/editorial/images/707953/coffee-gettyimages-496948478.jpg

Shares of Starbucks (NASDAQ: SBUX) jumped on Friday after the coffeehouse leader delivered solid fourth-quarter results and an encouraging growth forecast for the year ahead.

As of 3:25 p.m. ET, Starbucks' stock price was up more than 8%.

Starbucks furthered its relentless global expansion. The coffee king opened 763 net new stores during the fourth quarter, bringing its total store count to over 35,700 locations worldwide.

Source Fool.com

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