BUZZ-Starbucks up after posting smaller sales decline in Q1
ReutersJan 28, 2025 9:47 PM
Shares of coffee chain Starbucks SBUX.O rise 3.5% to $103.8 in after-hours trading
Company reports smaller-than-expected fall in Q1 comparable sales
SBUX's global same-store sales fall 4%, vs analysts' estimates of a 4.6% fall, according to data compiled by LSEG
Comparable sales fell 6% in China in Q1, following a 14% decline in the prior quarter
The stock had fallen 5% in 2024
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