Starbucks beats quarterly sales estimate on pricey drinks, China market
Source: Reuters
Nov 3 (Reuters) - Starbucks Corp (SBUX.O) topped Wall Street estimates for quarterly comparable sales on Thursday, as demand in North America for pricier drinks remained strong and declines in China were not as bad as feared.Shares in the Seattle-based company rose about 1.5% in after-market trading.While restaurants such as McDonald's Corp (MCD.N) and Yum Brands Inc (YUM.N) have drawn inflation-hit Americans…