New stores lift Starbucks profits
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Starbucks sees its quarterly profits climb 18%, boosted by opening more than eight new stores a day worldwide.
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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. said quarterly earnings increased 31 percent on the strong holiday sales, and the coffee retailer raised its earnings forecast slightly for its current fiscal year.
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Starbucks said that first-quarter profit rose 18 percent as consumers spent more for holiday drinks like peppermint mocha.
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SABMiller, the brewing company, said Thursday that its first-half profits rose 28 percent compared with the first half of the previous year.
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Starbucks Corp. SBUX.O said on   Thursday that same-store sales rose 5 percent in August,   hitting the top of Wall Street estimates and helping to allay   concerns about a consumer spending slowdown.
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Starbucks Corp  on  Wednesday posted higher quarterly profit as the premium coffee  seller works to revive its historically swift growth as it  grapples with slower U.S. consumer spending, high milk prices  and increased competition.
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The No. 2 grocer reports double-digit gains in sales and earnings after recent acquisitions.
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Clothing retailer Limited Brands Inc.  LTD.N on Thursday posted a sharply higher quarterly profit,  lifted by a rise in sales at stores open at least a year.
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Woolworths Ltd.&#39;s second-half profit rose 12 percent after Australia&#39;s biggest grocer cut the cost of getting goods to its shops and opened 37 new supermarkets and liquor outlets.
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H.J. Heinz Co. HNZ.N on Thursday   posted a greater-than-expected 23 percent rise in quarterly   profit, lifted by increased prices and sales of new ketchup and   soup products.
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Starbucks Corp will raise U.S. prices on coffee, lattes and other drinks by an average of 9 cents a cup next week to help offset soaring costs for milk and other commodities, a spokesman said on Monday.
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Kroger Co. , the largest U.S. grocery chain, posted a higher quarterly profit on Tuesday, as remodeled stores and improved perishable goods attracted shoppers.
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Wal-Mart Stores Inc  said on Tuesday quarterly profit rose after penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food and laundry detergent.
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Brewer Fuller, Smith & Turner reports a sharp rise in profit after its purchase of rival beer company Gales last year.
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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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Kroger Co. , the largest U.S.  grocery chain, posted a higher quarterly profit on Tuesday as  it attracted shoppers with remodeled stores featuring a better  selection of products, and it got an unexpected tax benefit.