Starbucks April Sales Jump

Sales at Starbucks ( SBUX) continued their perky pace in April, the company announced Wednesday.

In the four weeks ended April 25, the coffee company's revenue jumped 29% over the same period last year to $395 million. On a same-store basis, which compares results at like outlets open 13 months or more, Starbucks' sales increased 11%.

The result represented a slight decline from the growth rate the company posted in the two previous months, but still far above its long-term targets.

In after-hours exchanges, the company's stock was recently up 17 cents, or 0.4%, to $39.11. Starbucks shares closed the regular session off 33 cents, or 0.8%, to $38.94.

In February and March, Starbucks' total sales grew by 32% and 30%, respectively. Company CEO Howard Schultz warned in February that investors should expect the company in the future to post overall sales growth averaging around 20% on same-store sales growth ranging from about 3% to 7%.

For the 30 weeks to date in the company's fiscal year, Starbucks has recorded $2.9 billion in total revenue, up 29% from the same period a year ago. The company's sales are up 11% over that period on a same-store basis.

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