Start the conversation
Or to contact Money Morning Customer Service, click here.
Shares of Starbucks Corp. (Nasdaq: SBUX) jumped more than 4% in post-market hours after the firm reported better fourth-quarter earnings than expected. The coffee chain experienced strong foot traffic during holiday season 2014. The company also announced late Thursday that it promoted Kevin Johnson to president and COO at the beginning of March. Johnson has been a board member since 2009 and was CEO of Juniper Networks from 2008 to 2013. He will replace 23-year SBUX vet Troy Alstead, who is taking a sabbatical to spend more time with his family. SBUX stock was up more than 4.5% pre-market this morning.