Business News
Starbucks reports hot quarterly earnings
Nov 3, 2011, 21:36 GMT
New York - US coffee chain Starbucks said Thursday that taste for its products pushed up sales 7 per cent in the fourth quarter of 2011.
Sales rose to 3 billion dollars in the three-month period ended in September, the Seattle-based chain said. profits rose 29 per cent to 359 million dollars, including the sale of real estate holdings.
The ubiquitous chain operates more than 17,000 outlets worldwide, up 145 since last year. It plans to open 800 more stores in the coming fiscal year, primarily in the United States and Asia.
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