Starbucks global profit climbs 6% January 25, 2013 - 11:07 AMT PanARMENIAN.Net - Starbucks has said its profit rose in its fiscal first quarter as customers stepped up spending at its cafes in the United States and Asia, but its revenue fell short of expectations, Belfast Telegraph said. The Seattle-based coffee chain said global sales at cafes open at least a year rose 6%, reflecting an increase in traffic and spending per visit. The figure is a key metric because it strips out the impact of newly opened and closed locations. In Europe, the figure fell 1%. For the period October to December, Starbucks earned 432.2 million US dollars compared with 382.1 million US dollars in the same period a year ago. Revenue rose 11% to 3.8 billion US dollars.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
