Starbucks stock has surged 3.5 per cent in after-hours trading following the US presidential election results.
The stock has gained 5 per cent since the start of the day.
Starbucks stocks have been up for more than a year following the news that the President-elect was in favour of the Paris Climate Agreement, with the stock climbing 3 per cent on Thursday morning.
On Thursday afternoon, Starbucks posted its best profit in nine months, rising $6.8 million on revenue of $7.6 billion.
The company also said it would add $300 million to its workforce in 2018.
“Starbucks is going through the transition period, and we’re going to do everything in our power to help our employees make the most of it,” CEO Howard Schultz said in a statement.
Read more about the company:Starbucks shares are up 3 per cenotaph in 10 days – Bloomberg
