Friday, April 27, 2018

Starbucks Q2 sales grow, but profit margin shrinks

Seattle Times

Starbucks’ profits in the quarter-ended April 1 were $660.1 million, up 4 percent from the year-earlier period.

Starbucks said it added 468 stores in the quarter, bringing the total to 28,209. It also closed 298 Teavana stores.

Comparable sales across the company’s global operations increased 2 percent in the quarter, with comparable sales in its fast-growing China business up 4 percent.. . . more