Lates News

In the first quarter, Starbucks (SBUX.O) China's same-store sales increased by 7%, with net revenue reaching 9.9 billion US dollars, beating market expectations of 9.65 billion US dollars. Adjusted earnings per share were $0.56, below market expectations of $0.59. Starbucks expects same-store sales to increase by at least 3% for the fiscal year, up from the previous forecast of 2.83%. Starbucks' US stock rose over 3% in pre-market trading.