July 25, 2019 / 8:14 PM / 2 months ago

Starbucks same-restaurant sales beat view; U.S., China demand rose

July 25 (Reuters) - Coffee chain Starbucks Corp on Thursday reported quarterly same-restaurant sales above Wall Street expectations, getting a jolt from more coffee demand and food in the United States and China, sending its shares up 5% after the bell.

Sales at restaurants open for at least 13 months rose 6% in the third quarter ended June 30. Analysts had forecast same-store sales growth of 4.04%, according to IBES data from Refinitiv.

Total net revenue rose 8.1% to $6.82 billion, surpassing the average estimate of $6.68 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Bernard Orr)

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