Starbucks revenue totals $9.32 billion, topping estimates
Starbucks reported strong quarterly results, with revenue of $9.32 billion exceeding the $9.16 billion consensus estimate.
The company’s adjusted earnings per share came in at 85 cents, beating the 66-cent consensus.
Comparable store sales rose 7.9% from a year ago, surpassing estimates of 5.7% growth.
Shares rose over 5% in extended trading, nearing $110 apiece, potentially setting a fresh 52-week high of $109.23.