Starbucks Profit Tops Estimates as Americas Sales Increase
This article is for subscribers only.
Starbucks Corp., the world’s biggest coffee-shop chain, posted fiscal third-quarter profit that rose 22 percent after its sales gained in the Americas.
Net income increased to $626.7 million, or 41 cents a share, the Seattle-based company said in a statement on Thursday. Excluding some items, profit was 42 cents a share. Analysts estimated 41 cents, on average.