Wednesday, January 20, 2010

Starbucks sees its profits triple

Posted on 9:27 PM by Latest News


The US coffee chain giant made a net profit of $241.5m (£148m) in the three months to the end of December, compared with $64.3m a year earlier.

Buoyed by extensive cost-cutting work over the past year, the firm has also won back customers in its home market.

Same store US sales rose 4%, their first rise in more than two years.

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