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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Starbucks Net Income This Quarter Increases 25% To $417.8M 0 comments
    Jul 26, 2013 10:27 AM | about stocks: SBUX, DANOY

    Originally published at www.seclive.com

    Filing in Focus: Starbucks 8-K, July 25, 2013

    Starbucks (NASDAQ:SBUX) announced its financial results for third quarter, reporting a net income increase of 25% to $417.8M from $333.1M a year ago. Earnings per share increased from $0.43 last year this quarter to $0.55 this quarter. The world's largest coffee operator has taken efforts to expand its offerings and recently added more food items to its menu, including salad bowls, as well as plans to partner with Danone (OTCQX:DANOY) to offer yogurt and La Boulange to offer baked goods in its stores across the country. Starbucks recently enacted price increases for some of its drinks which, for some stores, was the first price increase in two years. The company has increased its annual earnings per share projection from $2.18 to $2.23 per share.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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