Retail

Starbucks shares jump on stronger-than-expected sales


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



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