Friday, April 22, 2016

Starbucks sales up as new stores, customer loyalty grow in Q2

AFP 551178488 I FIN ZAF GAStarbucks reported a 16.2% increase in second quarter earnings Thursday as the coffee company benefitted from rapid growth and continued to acquire new customers.

The Seattle-based company said sales were the best of any non-holiday quarter ever, jumping 9.4% to $4.99 billion, from $4.56 billion in the year-ago quarter. That came in slightly below what analysts expected, which was $5.03 billion, . . . more

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