Starbucks March Same-Store Sales Up 6%

Starbucks (SBUX Quote) posted March sales gains on Wednesday at the high end of its long-term target range, thanks to strong sales of its espresso beverages and the continued expansion of its food program.

The coffee giant said same-store sales for the month rose 6% over the same month last year, hitting the high end of its long-term guidance of 3% to 7% gains. The gain was about three-tenths of a percent below Wall Street forecasts.

Total revenue reached $599 million, a 22% increase over last year's $493 million. ...