The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Starbucks revenue trails estimates as domestic growth slows

Published Fri, Jul 22, 2016 · 09:50 PM
Share this article.

Chicago

STARBUCKS Corp, the world's largest coffee-shop chain, reported third-quarter revenue that missed analysts' estimates after same-store sales growth slowed in the Americas, its biggest region.

Sales rose 7.3 per cent to US$5.24 billion in the quarter ended June 26, the Seattle-based company said on Thursday. That trailed analysts' US$5.34 billion average estimate.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here