Starbucks’ sales of €4.7bn miss estimates for quarter

Starbucks — the world’s largest coffee-shop chain — has reported third-quarter revenue that missed analysts’ estimates after same-store sales growth slowed in the Americas, its biggest region.

Sales rose 7.3% to $5.24bn (€4.75bn) in the quarter ended June 26, the Seattle-based company said. That trailed analysts’ $5.34bn average estimate.

Same-store sales climbed 4% in the Americas, decelerating from a 7% increase in the prior quarter.