Starbucks Corp (NASDAQ:SBUX), the world's biggest coffee chain, posted a smaller-than-expected rise in quarterly sales at established cafes in the U.S.-dominated Americas region, sending its shares down more than 5 percent in afterhours trading.
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Starbucks' Americas region saw comparable store sales increase 3 percent, excluding the impacts of hurricanes, in the fourth quarter.
Analysts on average expected a 3.3 percent rise, according to Consensus Metrix.
Sales at U.S. cafes open at least 13 months rose 3 percent.
Net income attributable to the company fell to $788.5 million in the quarter from $801 million a year earlier.