Starbucks' stock ascending

01 May, 2007
Page 12 
Starbucks' international sales rose 30% to $387m while profit increased by 9% to $21m in the second quarter of its financial year.
The chain said the increase in revenue was due to product sales and royalty revenues from opening 456 stores in the last 12 months.Starbucks reported a 20% increase in overall net revenue to $2.26bn compared with $1.89bn last year.Jim Donald, president and chief executive, said: "We're very pleased our business is right where our plans were and we were able to continue to deliver another solid quarter for our shareholders." Donald added Starbucks was very comfortable with its performance both in the US and abroad. Starbucks plans to open at least 2,400 new stores around the world in the current financial year.



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