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Starbucks has been hard hit by the recession as consumers cut back on items such as gourmet coffee. It has closed many locations to save money. But now the company says that demand is starting to pick up. Full Article at Shopping Blog
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NEW YORK (MarketWatch) -- Shares of Starbucks Corp. tacked on more than 5% in premarket trade Friday, as investors and analysts digested the coffee giant's better-than-expected results and forecast. Full Article at MarketWatch
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Starbucks (NASDAQ:SBUX) does not hand out information about the demographics of its customers, but they are not likely to be people who are poor, indigent, or even lower middle class. Full Article at 24x7 Wall St.
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Starbucks Corp. reported fourth-quarter earnings of $150 million, up significantly from earnings of $5.4 million from the same quarter in 2008. Full Article at Business Journal of Portland
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The company raised its target for fiscal 2010 earnings excluding items to growth of 15 percent to 20 percent, from a previously forecast growth range of 13 percent to 18 percent. Full Article at International Business Times
Related Quotes
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The concern for us is western Europe and specifically the U.K. The U.K. is in a spiral..'
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The future of the company is not based on cost takeouts
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Starbucks' strong performance in Q4 and fiscal 2009 overall is the result of our successful efforts to improve our customer and partner experiences, the initiatives and innovations we have introduced over the past 18 months and the significant, permanent changes we have made to our cost structure
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And to be sure, amid the turnaround on the U.K., Schultz's true love is China
