By Paulo Trevisani
Foreign exchange rates beefed up Starbucks Corp. sales, the company said Tuesday.
The coffee retailer said that net revenues in its International segment grew 75% in the fiscal third quarter, to $1.7 billion, thanks in part to a 10% favorable impact from exchange rates.
The Seattle-based company reported a record $7.5 billion consolidated net revenue in the quarter ended June 27, up 78% from a year earlier.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
07-27-21 1649ET