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Starbucks' Americas cafe sales rise more than expected

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Reuters LOS ANGELES

LOS ANGELES (Reuters) - Starbucks Corp's sales at established cafes in its U.S.-dominated Americas region grew slightly more than expected in the latest quarter amid increasing competition from upscale independent cafes, convenience stores and fast-food chains.

Sales at Americas region cafes open at least 13 months rose 2 percent in the second quarter ended April 1, Starbucks said Thursday. Analysts polled by Consensus Metrix expected a gain of 1.8 percent.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Nick Zieminski)

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First Published: Apr 27 2018 | 1:50 AM IST

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