Starbucks has raised its annual sales and profit forecasts again. The company's turnaround strategy has reignited demand and improved customer experience. Global same-store sales growth is now expected to be near six percent. Adjusted earnings per share are also projected to increase significantly. This performance reflects market share stabilization and consumer spending habits.

Starbucks has reported better-than-expected quarterly revenue and profit. The Seattle company says its business grew across customer income levels and in the morning as well as…

Shares of Starbucks have risen 11% this year, raising its market cap to roughly $118 billion.