Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved.
The Seattle-based company said Wednesday its net revenue rose 5% to $9.6 billion in the July-September period. That was better than the $9.3 billion Wall Street was expecting, according to analysts polled by FactSet.
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Starbucks' global same-store sales, or sales at locations open at least a year, rose 1% compared to the same period a year ago. It was the first time in seven quarters that the company posted an increase in same-store sales.
That increase was largely due to markets outside North America, where same-store sales rose 3%. In North America and the U.S., same-store sales were flat. But that was still an improvement from the third quarter, when U.S. same-st

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