Starbucks (SBUX) shares are heating up post-market Thursday after top and bottom-line beats on its September-quarter results.
The company reported earnings of $0.62 per share on $6.3 billion in revenue against analyst expectations for $0.60 per share on $6.27 billion in revenue.
The stock is rising almost 9% on the news.
"Starbucks record Q4 performance reflected meaningful improvement in virtually every critical operating metric compared to Q3," CEO Kevin Johnson said in a statement. "As we enter fiscal 2019, we are executing against a clear growth agenda, with a focus on our long-term growth markets of the U.S. and China."
The performance in China is of particular note given the concerns over Chinese growth that persisted into the earnings week. Worries over Chinese growth opportunities have weighed on companies across industries.
Starbucks' undeterred performance, with comparable store sales rising 2%, might perk up some of these companies that have been held down by China concerns as well.
"In the [fiscal fourth quarter], Starbucks delivered improved sequential results in both our Americas and China/Asia Pacific segments," CFO Scott Maw said, hammering home the performance in the region that had come under the microscope of analysts.
The company also highlighted its core market in the United States, wherein comparable store sales increased 4% and was boosted by increased engagement in its rewards program.
The Starbucks Rewards loyalty program grew to 15.3 million members in the United States, growth of 15% year over year.
Executives will detail the results in the ever-important Chinese market, its overall global results, the streamlining of the business, segment sales, and a $5 billion buyback underway at 5:00 p.m. ET.