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Starbucks Tops Record Revenue As Coffee Drinkers Spend More In Cafes, Shares Soar


Starbucks shares soared Friday morning after the company delivered an upbeat earnings report that beat Wall Street’s estimates on revenue, profit and same-store sales.

The Seattle coffee maker, which released its fiscal fourth quarter earnings Thursday night, said its customers helped drive its record revenue by spending more on frappuccinos, tea and snacks.

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