Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits and comparable sales, powered by a sharp recovery in business in China and steady demand for its coffees and cold drinks in North America.
Even so, some analysts expected China sales to remain in the red after tumbling 29 per cent the previous quarter. Globally, the Seattle-based chain's comparable sales climbed 11 per cent, trouncing analysts' expectation of a 7.36 per cent rise.
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