Starbucks (NASDAQ:SBUX) shares advanced in Tuesday’s extended trading session as the leading coffee chain announced an upgraded revenue and profit outlook for the next three fiscal years. The improved guidance reflects the impact of initiatives being taken under Starbucks’ Reinvention plan. The company also announced an incremental investment of $450 million in its existing U.S. store network in Fiscal 2023 to enhance its operations.    Starbucks shares rose 2.5% in Tuesday’s extended trading session in reaction to the updates provided at the company’s Investor Day event. However, SBUX shares are down nearly 24% year-to-date amid macro woes and unionization efforts by baristas at multiple locations.
https://www.tipranks.com/news/starbucks-nasdaqsbux-stock-up-on-improved-3-year-outlook-plans-to-revamp-u-s-stores?utm_source=advfn.com&utm_medium=referral