Coffee giant Starbucks has reported a 13 percent rise in quarterly profit, helped primarily by its strong sales in the US and Asia that more than offset a slowdown in Europe.
Starbucks reported net earnings of $432.2m (£274.1m, €323m), or 57 cents per share, for the fiscal first quarter ended December 30, up from $382.1m, or 50 cents per share, a year earlier.
Total revenues increased 11 percent to a record $3.80bn during the quarter due to strong sales in the US, China and the Asia Pacific. Comparable-store sales, representing sales... (Continue Reading)
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