46.9 ° F
Full Weather
Sponsored By:

Starbucks Profits Soar

Sponsored by:

It must be the caffeine.

Coffee giant Starbucks says fiscal third-quarter earnings increased 20 percent to $56 million, or 14 cents per share.

That beat a Thomson First Call estimate of 13 cents a share. Revenues were up 26 percent to $835 million.

Starbucks expects to earn 54 cents a share in fiscal 2002 – the high end of prior guidance – and says earnings for fiscal 2003 should range between 64 and 66 cents a share.

Chairman Howard Schultz also announced that Starbucks is raising the number of stores it plans worldwide by 5,000 to 25,000. It has more than five-thousand retail locations now.

A new Starbucks store recently opened in Sonora. The coffeehouse is located in a new two story retail businesses and office building on Sanguinetti Road and Old Wards Ferry Road next to the new movie theaters and Applebee´s restaurant. A grand opening is planned for next month.

Starbucks plans to open 1,200 new stores this year and another 1,200 next year.

where to buy viagra buy generic 100mg viagra online
where to buy viagra buy generic 100mg viagra online