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Starbucks Earnings Weren't Bold and Flavorful by Any Means, but Investors Don't Care Yet

Starbucks Corp. (SBUX) stock got an after-market jolt after missing Wall Street's bold sales expectation.

After the market close on Thursday, July 27, the coffee shop operator reported third-quarter earnings of 55 cents a share on revenue of $5.67 billion, compared to Wall Street's estimates for earnings of 55 cents a share on revenue of $5.76 billion.

In the U.S., Starbucks' same-store sales grew 5% in the period ended July 2. The company's mobile-and-pay orders rose 9%.

"Starbucks leveraged food and beverage innovation, an elevated in-store experience and personalized digital connections to our customers to deliver another quarter of record financial...