News Column

Starbucks Brews Delicious Profits

April 26, 2013

Starbucks reported a 26-percent rise in second-quarter profits Thursday, roughly in line with Wall Street's expectations.

The world's largest coffee chain said that it earned $390 million in the quarter, up from 310 million a year earlier as sales jumped 11 per cent to $3.56 billion.

Growth was strong in the U.S. where same-store sales rose 7 percent, and in China and Asia-Pacific where revenue was up 8 per cent. However economic challenges dented sales in Europe where revenue was down by 2 percent.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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