Starbucks 1Q Earnings Rise 31 Percent
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Starbucks Corp. said strong sales of holiday drinks, gift cards and music helped boost quarterly earnings by 31 percent, and the coffee retailer raised its earnings forecast slightly for its current fiscal year.
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The Starbucks competitor turned a full-year profit, but its cup could be warmer.
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Starbucks Corp.  said on Wednesday first quarter earnings rose 18 percent, meeting analysts' estimates, as it opened more than 8 stores a day and attracted customers with lunch offerings and gift cards.
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Starbucks Corp. on Wednesday  reported a 31 percent increase in quarterly net income and  raised its earnings forecast for the year on strong sales of  holiday products like Christmas Blend coffee beans.
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NEW YORK, September 28  - Starbucks Corporation (SBUX.NAS), the US-based coffee giant, is expected to raise its coffee prices by $0.
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Starbucks Earnings Growth Caffeinated
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Starbucks Corp., the world&#39;s largest coffee-shop chain, on Wednesday said sales at stores open at least a year rose 8 percent in August, the first time growth fell below double-digits in nine months.
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Starbucks Corp. , the  world's largest coffee shop chain, on Wednesday said quarterly  earnings rose 18 percent as the number of stores grew and  established outlets attracted more customers.
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Starbucks Corp. SBUX.O said on   Thursday that sales at its coffee shops open at least 13 months   rose 5 percent, helped by sales of coffee drinks and additional   food items.
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The nation's third-largest bank posts a 31% rise in 2004 earnings.
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Stock futures gained on Tuesday as news of an executive reshuffle at Starbucks Corp  propelled the coffee chain's stock higher, while an advance in oil prices underpinned gains by energy companies.
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Starbucks Corp.  on  Wednesday posted 16 percent quarterly profit growth but showed  its weakest monthly same-store sales rise in four-and-a-half  years, missing Wall Street estimates and sending shares down 9  percent.
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Starbucks Corp. , the  world's largest coffee shop chain, on Wednesday reported a 15  percent rise in quarterly earnings that met analysts'  estimates, but July same-store sales results were below Wall  Street estimates, and shares fell sharply after hours.
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Stocks rose on Tuesday as a rise in oil prices spurred gains in shares of energy companies and news of an executive reshuffle at Starbucks Corp  buoyed hopes of a turnaround at the top coffee chain.
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H. J. Heinz Co. said Friday its fiscal first-quarter earnings grew 6 percent, driven by double-digit growth in ketchup, beans, soups and Smart Ones meals, and the ketchup maker raised its outlook for the full year.
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Starbucks Corp.  on Thursday  raised its store expansion target to 40,000 from its previous  goal of 30,000.
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The company earned $1.21 billion in the fourth quarter as it benefited from sales growth in key soft-drink brands and in its water, sports drink and orange juice categories.