Starbucks now allows customers to pay for their purchases with their smartphones. They are doing this in hope of increasing their sales. Customers will receive a Starbucks card mobile app to use to pay for their items.
Starbucks in November reported that fiscal fourth-quarter profit surged 86 percent as worldwide same-store sales rebounded for the fourth consecutive quarter, with the coffee giant reporting balanced growth in the U.S. and abroad.
Shares closed Tuesday at $33 and were inactive premarket. The stock is up 40 percent in the past year.
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