Starbucks whips up strong results January 22, 2015 REVENUES went up by 13 per cent to $4.8bn (£3.1bn) at Starbucks during the first quarter of the 2015 financial year. The coffee chain’s chairman Howard Schultz said: “Starbucks record performance was exceptional by every metric and standard.”
Starbucks share price jumps 3.5 per cent after positive third-quarter results January 22, 2015 Starbucks share price jumped as much as 3.5 per cent in after-hours trade today, as the coffee chain released an upbeat earnings report for the fiscal first quarter. Profits at Starbucks for the Christmas period soared 82 per cent to $9.8bn (£6.5) year-on-year, which was in line with expectations. Sales rose 13.2 per cent to $4.8bn [...]
Wireless phone charging offered at London Starbucks on Moorgate, Princes Street, Kingsway and seven other city locations January 21, 2015 Coffee loving phone addicts rejoice. Wireless phone charging is coming to Starbucks in London after the service proved successful in the US. Lucky Londoners near 10 Starbucks in the capital will be able to top up their battery at the same time they pop in to grab a coffee. It’s great news for anyone who [...]
Starbucks brews up $588m quarterly income October 30, 2014 STARBUCKS, the world’s biggest coffee chain, said its net income for the quarter ended 28 September was $587.9m (£367m), compared with a loss of $1.23bn in the same period a year ago. A one per cent increase in traffic led to a five per cent gain in sales for Americas-region cafes open for at least [...]
Starbucks beware. OECD proposes rules aimed at corporate tax avoidance September 16, 2014 New international tax rules proposed yesterday could eliminate structures that have allowed companies such as Starbucks, Google and Amazon to lessen their tax bills. The Organisation for Economic Cooperation and Development (OECD) announced a series of measures that, if implemented by members, could stop companies from employing many commonly used practices to shift profits into [...]
Starbucks tops expectations as profits rise by more than 10pc July 24, 2014 Global coffee giant Starbucks topped Wall Street expectations once again. The Seattle coffee chain reported earnings per share of $0.67 for the quarter ended in June, compared to $0.66 forecast by analysts. Starbucks, which has stores in 63 countries and over 200 stores in London, said revenue rose by more than 10 per cent to [...]
Starbucks: Mobile ordering of coffee via app to be trialled in one secret location July 19, 2014 Coffee lovers in one lucky city will get to test out a new service from Starbucks which lets you place an order from wherever you are for pick up in store using a smartphone app as the coffee chain begins trialing mobile ordering. It’s a major step for Starbucks in its plans to introduce the mobile [...]
For the price of a Starbucks coffee you can charge your phone wirelessly June 12, 2014 Starbucks will soon let you charge your phone wirelessly when you grab a coffee. It's planning to rollout wireless phone charging capabilities in its coffee shops after a successful trial in the US. Anyone who panics when their phone flashes five per cent will rejoice at the news that they can simply head to [...]
Starbucks’ 2014 outlook lower than expected October 30, 2013 COFFEE chain Starbucks saw its profit forecast for 2014 fall short of Wall Street’s expectations, despite fourth quarter profits that jumped 34 per cent as more customers flocked to its branches. Starbucks share price fell three per cent in after hours trading to $78.20 as investors reacted to the news that the company expects 2014 [...]
Starbucks hires Pizza Hut boss to run UK chain October 21, 2013 STARBUCKS has hired Pizza Hut boss Mark Fox to run its UK business. The US coffee chain announced yesterday that Fox, who has headed Pizza Hut UK delivery service since 2009, will become the UK managing director of Starbucks from 6 January next year. The 44-year-old, who replaces Kris Engskov, was promoted earlier this year [...]