date:Apr 25, 2014
ercent on revenue of $3.87billion, below analyst expectations of $3.95 billion.
Starbucks said same-store sales rose 6 percent in the U.S. in the quarter through March 30, surpassing estimates. Shares in the company rose 1.4 percent to $72.06 in after-hours trading after the release of the earnings report.
In the U.S., the single largest contributor to the comparable sales growth in the quarter was food, Chief Operating Officer Troy Alstead told Bloomberg. It resonates with customers.
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