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NEW YORK >> Starbucks appear deals today to advertise its Tazo tea cast to Unilever and barrage a acclaim agenda with Chase. But the coffee alternation additionally appear black fourth-quarter sales advance at food about the world, and its shares fell added than 3 percent in after-hours trading.

ASSOCIATED PRESS

Starbucks appear black fourth-quarter sales advance at food about the world, and its shares fell added than 3 percent in after-hours trading.

NEW YORK >> Starbucks appear deals today to advertise its Tazo tea cast to Unilever and barrage a acclaim agenda with Chase. But the coffee alternation additionally appear black fourth-quarter sales advance at food about the world, and its shares fell added than 3 percent in after-hours trading.

The Seattle-based aggregation said Unilever will pay $384 actor for Tazo in a accord that is accepted to be completed in the aing year. Unilever, which owns the Lipton and PG Tips tea brands, alleged the accretion a “perfect cardinal fit.” Starbucks, which bought Tazo about 18 years ago for $8.1 million, said it wants to focus on its Teavana tea brand. Although Starbucks has been shutting bottomward stand-alone Teavana stores, it still sells its teas in stores.

The aggregation expects to barrage a Starbucks-branded acclaim agenda with Chase this winter. A prepaid agenda will appear later. The aggregation said both cards will acquiesce barter to acquire Starbucks rewards back they spend. Co-branded cards, which affection the cast of a coffer and addition company, accept been accepted for decades back they advice strengthen chump loyalty. Ride-hailing aggregation Uber, for example, appear a agenda with British coffer Barclays aftermost week.

Starbucks’ banking results, meanwhile, showed slowing growth.

The alternation said fourth-quarter sales rose 2 percent at its accustomed locations worldwide, beneath the 3.3 percent Wall Street analysts expected, according to FactSet. During the aforementioned aeon a year ago, those sales grew 4 percent.

Overall, the aggregation appear net assets of $788.5 million, or 54 cents per share, in the three months catastrophe Oct. 1. Adjusted balance came to 55 cents per share, analogous what analysts expected. In the aforementioned aeon a year ago, Starbucks appear net assets of $801 million, or 54 cents per share.

Revenue slipped hardly to $5.7 billion, falling abbreviate of the $5.8 billion analysts expected.

Shares of Starbucks fell $1.82 to $53.05 afterwards the banal bazaar bankrupt today.

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