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Starbucks Rises 6% On Raised FY23-25 Comp. Store Sales Growth

Shares of global coffee chain Starbucks Corp. (SBUX) are up 6 percent on Wednesday's trading after the company unveiled its plans for fiscal 2023 to 2025. The stock was up 2.5 percent in Tuesday's after-hours trading.

The company is optimistic about its growth opportunities in the next three years. Starbucks now anticipates global and U.S. comparable store sales growth between 7-9 percent year over year, which is higher than its earlier range of 4-5 percent.

Currently at $92.88, the stock has traded between $68.39 and $117.80 during the past 52 weeks.

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