Starbucks profits rise

800px-Starbucks_Shunde

Starbucks has reported a higher quarterly profit as new food and drinks helped boost sales in the US.

The Seattle-based coffee chain raised its guidance for the year, citing the stronger performance.

Globally, Starbucks said sales at established locations rose six per cent for the quarter. That included a seven per cent increase in the flagship US market, as well as a seven per cent increase in the Asia region. The unit encompassing Europe, the Middle East and Africa saw a three per cent increase.

For the quarter, Starbucks Corp earned $US512.6 million ($A554.61 million), or 67 US cents per share, a penny more than analysts expected.

A year ago, it earned $US417.8 million, or 55 US cents per share.

Revenue rose to $US4.15 billion, above the $US4.14 billion Wall Street expected, according to FactSet.

Source Insideretail

PizzaExpress Launches "Only For Everyone" India Campaign

PizzaExpress Launches “Only For Everyone” India Campaign

Crunch Fitness Harker Heights Sets May 20 Grand Opening

Crunch Fitness Harker Heights Sets May 20 Grand Opening

Bounteous Named 2025 Texas Roadhouse Vendor of the Year

Bounteous Named 2025 Texas Roadhouse Vendor of the Year

Chat on WhatsApp