Originally published at www.seclive.com
Filing in Focus: Starbucks 8-K, July 24, 2014
Starbucks Corporation (NASDAQ:SBUX) announced its third quarter financial results for the 2014 fiscal year, reporting earnings and revenue that increased from a year ago. The world's largest coffee chain reported an 11% increase in revenue to $4.15B, from $3.74B last year. Operating income increased 25% while operating margin improved from 16.5% to 18.5%. Comparable-store sales increased worldwide, with the China and Asia Pacific segment increasing the most to 7%. Net earnings increased from the year-ago $417.8M and $0.55 per share to $512.6M and $0.67 per share. Chairman, President, and CEO Howard Schultz commented that the company showed solid performance leading to record results that will only continue to provide more growth opportunities worldwide.
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