Higher commodity costs mitigated with increased guest traffic
Continuing to gain traffic momentum worldwide, Starbucks Corp. reported Thursday a 34-percent increase in third-quarter net income despite increased commodity costs. The Seattle-based coffeehouse chain also upgraded its outlook for the year, saying that efforts to enhance the store experience have resonated with customers and driven traffic, mitigating the impact of higher commodity costs, including coffee. For the third quarter ended July 3, Starbucks reported net income of $279.1 million, ...
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!