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Starbucks Net Income This Quarter Increases 25% To $417.8M

Jul. 26, 2013 10:27 AM ETSBUX, DANOY
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Originally published at www.seclive.com

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

Starbucks (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.

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