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Starbucks has raised its full year earnings guidance to between $2.55 and $2.65 per share as operating margins expanded by 430 basis points to reach 14.4 percent. This margin boost follows China's strategic transition to a licensed joint venture model, which generated proceeds that Starbucks used to pay down $1.8 billion in debt, bringing leverage down to 2.9 times. Despite these positive financial moves, the Seeking Alpha Quant rating currently flags $SBUX as a hold due to lingering skepticism regarding long-term transaction durability.
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