Starbucks Corp beat Wall Street estimates for quarterly sales at established cafes on Thursday, as higher prices and customer orders powered a strong growth in the United States, its largest market.
Shares of the company rose 2 percent in extended trading.
The world`s biggest coffee chain said sales at cafes open at least 13 months in its Americas unit rose 4 percent in the second quarter ended March 31, beating the 3.58 percent rise expected by analysts, according to IBES data by Refinitiv.
Total net revenue rose 4.5 percent to $6.31 billion, but was slightly below the estimate of $6.32 billion.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.