You are here: Home » Reuters » News
Business Standard

Starbucks beats quarterly sales estimates


(Reuters) - Starbucks Corp topped Wall Street forecasts for quarterly same-restaurant sales on Thursday, as newer beverages and rejigged menus helped attract customers to its cafes in both the United States and China, its top two markets.The Seattle-headquartered company said same-restaurant sales rose 4 percent globally in the three months ended Dec. 30, exceeding analysts' average estimate of a 2.8 percent increase, according to IBES data from Refinitiv.Total net revenue climbed to $6.63 billion from $6.07 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Sai Sachin ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, January 25 2019. 02:47 IST