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Starbucks beats quarterly sales estimates

Starbucks beats quarterly sales estimates
FILE PHOTO: A barista holds a cup of coffee at Starbucks' Vigo Street branch in Mayfair, central London January 11, 2013. REUTERS/Stefan Wermuth   -   Copyright  Stefan Wermuth(Reuters)
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(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 (£5.08 billion) from $6.07 billion.

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

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