Comps Climb at Starbucks

The coffee seller's shares advance in late trading.
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Starbucks (SBUX) - Get Report said same-store sales at company-operated shops increased 6% for the five weeks ended Oct. 1, kickstarting its shares after hours.

The coffee seller reported total net revenue of $790 million for the period, up 20% from last year's $656 million. Starbucks' stock was rising 4.6% to $37.62 in extended trading Wednesday after gaining 5.7% to $35.96 in the regular session.

For the fiscal year that just ended, total revenue jumped 22% to $7.8 billion, and comp sales advanced 7%.

Jim Donald, Starbucks' president and chief executive, said that considering the climbing revenue and the company's opening of more than 2,000 net new stores in the past year, "we remain very excited about the significant growth opportunities ahead for our U.S. and international businesses."

Starbucks will be holding an analyst conference on Thursday. The company plans to release its fiscal fourth quarter and year-end financial results on Nov. 16.