Shares of Starbucks (SBUX) get a boost from the company’s earnings results, as well as its announcement of a new President and COO, making it TheStreet’s Move of the Day. Shares of the coffee chain hit an all-time high on Friday, after reporting its fiscal first-quarter earnings, in line with the consensus estimate. The coffee company posted its 20th consecutive quarter of comp growth of 5% or higher. Also, Starbucks said 1 in 7 Americans received a Starbucks gift card during the holiday period. In addition, Starbucks named former Microsoft executive, Kevin Johnson as its new President and Chief Operating Officer. Johnson has been a Starbucks board member since 2009, and could help the company increase the scope of technology in its operations. TheStreet’s Kurumi Fukushima reports from New York.
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