A Heard on the Call report following a 29% profit increase in 4Q
Starbucks Corp. said it would accelerate growth in 2012, not only with new units but also with the extension of several product lines, which the company called “billion dollar businesses,” that were launched in 2011. After reporting a 29-percent increase in fourth-quarter profit on Thursday, Starbucks chief executive Howard Schultz thumbed his nose at observers he called cynics who once predicted a destructive effect at Starbucks resulting from efforts by McDonald’s and ...
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Contact: Desiree Torres Desiree.Torres@penton.com