SEATTLE — Starbucks Corp. ended its fiscal year on a high note as new drinks and more efficient stores drew in U.S. customers.
Starbucks said same-store sales in the Americas region — or sales at stores open at least 13 months — rose 6 percent during the July-September period. Half of that increase came from consumers spending more, but the other half came from increased traffic. Last year, traffic was down in the region.
The coffee giant said Wednesday that its net income rose 6 percent to $802.9 million in its fiscal fourth quarter. Earnings, adjusted for nonrecurring items like restructuring costs, were 70 cents per share. That met Wall Street’s forecast, according to analysts polled by FactSet.
Revenue rose 7 percent to $6.75 billion. That topped Wall Street’s forecast of $6.69 billion. Globally, same-store sales were up 5 percent, beating analysts’ forecast of 4 percent growth. Starbucks said same-store sales in China rose 5 percent. Starbucks shares rose 2.5 percent to $86.30 in after-hours trading
