Cafe Sales Gives Starbucks a Boost

EarningsReuters

Starbucks Corp (NYSE:SBUX) reported higher quarterly profit on Thursday, as cafe sales heated up in its U.S.-dominated Americas region.

Sales at Starbucks shops open at least 13 months jumped 8 percent in the Americas for the fiscal third quarter ended June 28. Analysts polled by Consensus Metrix had expected a rise of 6.3 percent.

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Starbucks' Americas region, which includes the United States, Canada and Latin America, contributes the majority of company revenue.

The world's biggest coffee chain's net earnings jumped 22 percent to $626.7 million, or 41 cents per share.

Revenue rose 18 percent to $4.88 billion.

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