Starbucks beats quarterly sales estimates

Starbucks beats quarterly sales estimates

(Reuters) - Starbucks Corp topped Wall Street forecasts for quarterly same-restaurant sales on Thursday, as newer beverages and rejigged menus helped attract customers to its cafes in both the United States and China, its top two markets.

The Seattle-headquartered company said same-restaurant sales rose 4 percent globally in the three months ended Dec. 30, exceeding analysts' average estimate of a 2.8 percent increase, according to IBES data from Refinitiv.

Total net revenue climbed to $6.63 billion from $6.07 billion.

(Reporting by Nivedita Balu in Bengaluru; Editing by Sai Sachin Ravikumar)

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Updated Date: Jan 25, 2019 03:05:30 IST

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