Starbucks Corp’s quarterly profit rose slightly more than expected after the summer’s economic jitters failed to dilute the coffee habits of customers at the world’s largest coffee chain.
The stock, which closed at $41.40, rose 3 percent to $42.65 in after-hours trading.
Global sales at cafes open at least 13 months jumped 9 percent, better than the 6.5 percent gain analysts, on average, expected according to Thomson Reuters data.
Customers visited Starbucks cafes more often during the quarter and spent more money when they did.
Same restaurant sales at U.S. cafes, which account for about four-fifths of its revenue, rose 10 percent. Sales at established international cafes were up 6 percent.