Starbucks February Comps Up 9%
The stock ticks higher in after-hours trading.
Starbucks
(SBUX) - Get Report
said its February same-store sales, or sales at stores open at least a year, rose 9%, beating its internal target of 3% to 7% growth.
Its stock was recently trading up $1.34, or 2.5%, to $54.15 in after-hours trading. During regular trading hours, it added 0.4%.
The java giant said its total sales rose 23% to $468 million for the month.
The same-store result marks an uptick from January, when the company posted same-store sales growth of 7%.
"Starbucks' particularly strong February comparable-store sales reflect our customers' continuing enthusiasm for our handcrafted beverages and the passion our partners have for flawlessly executing the Starbucks experience each day," the company said in a statement.
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