09:50 ET -- Starbucks Corp. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Shares fell 2% on Friday morning after first-quarter results were reported on Thursday after the close. For the three months ended Dec. 31, the coffeehouse chain said global sales rose to $8.71 billion, a 8% increase from the previous year and a record revenue posting. Analysts polled by FactSet expected first-quarter sales of $8.79 billion. Year over year, Starbucks said a surge in Covid-19 cases contributed to a 29% decline in same-store sales in China, dragging down international same-store sales, which fell 13%. Dow Jones & Co. owns Factiva. (ada.hui@wsj.com)

(END) Dow Jones Newswires

February 03, 2023 10:05 ET (15:05 GMT)

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