You are here

Starbucks cafe sales up 6% in second quarter

CAFFEINE KICK: Analysts had expected an overall same-cafe sales gain of 6.7 per cent, according to Consensus Metrix.

Los Angeles

STARBUCKS Corp posted quarterly cafe sales that missed analysts' growth estimates for every region where it operates and issued a disappointing full-year forecast, sending its shares down about 4 per cent.

The world's largest coffee chain said that global sales at cafes...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to