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Starbucks reports record Q4 revenue despite China declines

Por: ABC News Business November 03, 2022

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Starbucks’ revenue rose 3% to a record $8.41 billion in its fiscal fourth quarter thanks to U.S. customers who shrugged off higher prices on frothy drinks and snacks.The Seattle coffee giant said Thursday its same-store sales —— or sales at locations open at least a year —— were up 7%. That beat Wall Street’s forecast of a 4.2% increase, according to analysts polled by FactSet.Starbucks shares rose 3% in after-hours trading.The North... + full article



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