Starbucks reported same-store sales Thursday that beat analysts’ expectations.
Shares of the company ticked up 3 percent.
The coffee giant reported revenue of $6.63 billion, beating Refinitiv estimates of $6.49 billion for the quarter.
Starbucks said net income fell to $760.6 million, or 61 cents per share, from $2.25 billion, or $1.57 per share, from the previous year. The company said on a non-GAAP basis it earned 75 cents per share.
Same-store sales