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Starbucks Rising on Strong December Sales

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Starbucks

(SBUX) - Get Report

was gaining in the premarket after reporting a 3% gain in December same-store sales.

The coffee seller said net revenue was $343 million in month, up 22% from a year ago, and said it opened 161 new stores in the month. The same-store sales gain followed 1% increases in each of the four previous months.

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Starbucks was rising 83 cents, or 4%, to $21.25 on Instinet.