Company cites strong global sales at coffeehouse chain in 2Q
Reporting healthy increases in traffic in both U.S. and international locations, Starbucks Corp. said profit rose more than 20 percent in its second quarter. For the quarter ended April 3, the Seattle-based coffeehouse giant recorded better-than-expected net income of $261.6 million, or 34 cents per share, compared with $217.3 million, or 28 cents per share, for the same quarter a year ago. Starbucks officials had earlier projected earnings between 32 cents and 33 cents per share for the ...
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Contact: Desiree Torres Desiree.Torres@penton.com