Starbucks Says Foreign Exchange Rates Boosted 3Q Revenue -- Currency Comment
July 27 2021 - 4:04PM
Dow Jones News
By Paulo Trevisani
Foreign exchange rates beefed up Starbucks Corp. sales, the
company said Tuesday.
The coffee retailer said that net revenues in its International
segment grew 75% in the fiscal third quarter, to $1.7 billion,
thanks in part to a 10% favorable impact from exchange rates.
The Seattle-based company reported a record $7.5 billion
consolidated net revenue in the quarter ended June 27, up 78% from
a year earlier.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
July 27, 2021 16:49 ET (20:49 GMT)
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