Starbucks quarterly cafe sales top expectations, shares rise

April 23, 2015 8:20 PM

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Starbucks quarterly cafe sales top expectations, shares rise

(Reuters) - Starbucks Corp said on Thursday sales at its coffee shops in the Americas region grew more than expected, calming concerns about cooling growth and sending shares up 4.4 percent in after-hours trading.

Sales at Starbucks shops open at least 13 months were up 7 percent in the Americas region for the fiscal second quarter that ended March 29. Analysts polled by Consensus Metrix expected a rise of 5.1 percent.

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