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00:02Starbucks reported fourth quarter revenue of $9.57 billion,
00:06passing out its expectations of $9.35 billion.
00:09Justin Erdings came in at 52 cents per share, below estimates of 56 cents.
00:13According to Benzinga Pro, comparable sales were flat in North America
00:16and up 3% internationally, including a 2% increase in China.
00:20CEO Brian Nichols said Starbucks' turnaround is gaining momentum
00:23under its Back to Starbucks strategy,
00:26restoring global sales growth and confidence in the company's direction.
00:29Starbucks closed 107 stores during the quarter,
00:32ending with 40,999 locations,
00:34and reported $3.22 billion in cash and equivalents.
00:38Starbucks shares rose 1.81% in after-hours trading
00:41to $85.70 on Wednesday, according to Benzinga Pro.
00:44For all things money, visit Benzinga.com.
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