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

July 27, 2021 16:49 ET (20:49 GMT)

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