(Reuters) - Starbucks Corp reported better-than-expected sales growth at established cafes in the holiday quarter, helped by strength in its Americas division, its largest.
The world's biggest coffee chain said global sales at cafes open at least 13 months rose 8 percent in the first quarter ended Dec. 27, better than the 7.30 percent rise expected by analysts polled by research firm Consensus Metrix.
Total net revenue rose 11.9 to $5.37 billion, the company said on Thursday.
Net income attributable to the company fell to $687.6 million, or 46 cents per share, from $983.1 million, or 65 cents per share.
(Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app