Starbucks Q4 sales fall short of expectations, profit increases

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Source: Bloomberg
Starbucks Corp., the biggest coffee-shop chain in the world, posted a rise in sales for the last quarter of the previous year, but the total revenue did not reach the analysts' estimates. Sales added 12% to $4.24 billion, as experts predicted it to hit $4.29 billion. Net income in Q4 was $540.7 million. Yesterday, Starbucks Corp. shares declined 0.3% to $73.39 per share in New York.
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