Page 103 of 105 FirstFirst ... 93100101102103104105 LastLast
Results 1,021 to 1,030 of 1043
  1. #1021

    Great drinks await coffee fans at Starbucks this X'mas season!


  2. #1022
    Starbucks ako...

  3. #1023
    Even with a fragile US economy (high unemployment everywhere), competition and criticism thrown at them, Starbucks still got a big business boost.



    LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O) raised its full-year profit forecast, boosting confidence it has entered a new phase of growth and sending its shares up 2 percent.

    Higher drink prices and improving traffic in its stores gave the world's biggest coffee company leeway to hike its fiscal 2011 outlook. Starbucks in September raised prices on large and labor-intensive drinks to offset surging prices for coffee and other commodities.

    U.S. sales at restaurants open at least 13 months jumped 8 percent in the fiscal fourth quarter from a year ago, driven by a 6 percent rise in customer visits and a 2 percent increase in spending per visit.

    International same-restaurant sales were up 7 percent, helped by a 4 percent traffic increase and a 3 percent rise in average ticket.

    Efficiency efforts and cost controls also had a part in the company increasing its earnings target for the 2011 fiscal year to a range of $1.41 to $1.47 per share, from $1.36 to $1.41 previously. Wall Street's average forecast was for $1.43, near the low end of the new range.

    "The increase really is based on the strength of the quarter we just recorded and the momentum we bring into the new year," Starbucks Chief Financial Officer Troy Alstead said in a telephone interview.

    Shares in Starbucks, which dipped below $8 in 2006, rose 2.1 percent to $30.40 following the company's earnings report.

    BREWING PROFITS

    Seattle-based Starbucks has returned to financial health after closing stores and slashing costs in 2008 and 2009.

    Some employees told Reuters that those fixes eroded the cafe culture that made the company great. Starbucks responded by thanking employees for their hard work and announced a plan to give bonuses to 100,000 employees around the world, including "baristas" -- hourly cafe workers -- on the front lines.

    Starbucks is eyeing profit growth through new products like Via instant coffee and by expanding its middle-market Seattle's Best brand in the United States. Wall Street is most excited about its plans to build new cafes in important international markets like China.

    "I am convinced that we are about to enter an era of even more opportunity for Starbucks, and am more convinced than ever that our future has never looked brighter," founder and Chief Executive Howard Schultz said on a conference call.

    The CEO also said Starbucks plans to end its distribution pact with Kraft Foods Inc (KFT.N), which for more than a decade has delivered its bagged coffee to grocery stores and other retailers.

    "The details and timing around any transition will be subject to further private dialogue," said Schultz, who declined to elaborate.

    "Starbucks ... in recent times has expressed their desire to control their strategic brands," Kraft Chief Financial Officer Tim McLevish said in a conference call with analysts.

    "We can't at this point speculate exactly how that may happen or when that may happen," McLevish said. "We respect their decision to consider ending the agreements and we'll inform you as more developments come." [ID:nN04194868]

    Net income for the fourth quarter ended October 3 rose 86 percent to $278.9 million, or 37 cents per share, handily besting analysts' average call for a profit of 32 cents per share, according to Thomson Reuters I/B/E/S.

    Net revenue grew more than 17 percent to $2.8 billion, after global sales at restaurants open at least 13 months rose a better-than-expected 8 percent.

    Starbucks has more than 16,000 cafes around the world.

    It gets about 75 percent of company revenue from its roughly 10,000 stores in the United States, where it is facing competition from the upscale independent coffee chains at the top of the market and from large companies like McDonald's Corp (MCD.N) and Dunkin' Donuts on the lower end.


    Starbucks raises targets as traffic, prices rise - Yahoo! News
    Last edited by sharkey360; 11-05-2010 at 12:57 PM.

  4. #1024
    Starbucks....

  5. #1025
    Starbucks jud.. the best

  6. #1026
    A great looking tumbler that should appeal to those who love green.


  7. #1027
    Great looking tumbler.....the social-climbing customers of Starbucks would get one then bring it home, refill it with instant coffee or any other drink, then walk around trying to fool people that they can afford Starbucks anytime......

  8. #1028
    McDonald's, Starbucks Join "Facebook Deals"

    McDonald's and Starbucks are among the first 20 or so businesses to sign up for "Facebook Deals," Nation's Restaurant News reported.

    The new function is a service that enables marketers to reward Facebook users as they "check in" at restaurant and retail locations using the "Places" feature on their mobile phones.

    "It's a massive validation of location-based marketing," Reggie Bradford, chief executive of Vitrue, Atlanta-based social-media marketing and branding firm, told the magazine. "This is a huge sea change in terms of the way location-based services are going to hit critical mass fast … Three million people are already checking in with "Places" even before [the launch of] "Deals," and about one-third of Facebook's users use the mobile app."

    Each restaurant and retail location will provide offers and perks to customers who are physically in their restaurants or nearby. In addition to the various offers, McDonald's and Starbucks are using the social media service to pursue philanthropic endeavors. For instance, with every "check in" received, McDonalds will donate $1 to Ronald McDonald House Charities, while Starbucks will give $1 to Conservation International.

    Other foodservice brands on board for Facebook Deals are Chipotle Mexican Grill, which will offer customers a free entrée with the purchase of an entrée when customers "check in" during the second and third weekends of November, the report stated.

    Bradford noted that about 200 million users access Facebook on their mobile phones, therefore Deals gives the emergent location-based social media trend "massive potential for scale."


    McDonald's, Starbucks Join "Facebook Deals" - Foodservice - Convenience Store News

  9. #1029
    Junior Member
    Join Date
    Jun 2010
    Gender
    Female
    Posts
    33
    Starbucks jud ko... Caramel Frappucino is my favourite!.hehe

  10. #1030
    Starbucks gingerbread cookie


  11.    Advertisement

Similar Threads

 
  1. Bo's or Starbucks?
    By Tickle Me in forum Food & Dining
    Replies: 338
    Last Post: 08-11-2013, 10:42 AM
  2. Seattle's Best Coffee or Starbucks?
    By chefsydney in forum Food & Dining
    Replies: 35
    Last Post: 01-05-2011, 10:25 PM
  3. Looking For: Books by BO Sanchez or Larry Gamboa
    By sleeplessgrl in forum Books & Magazines
    Replies: 4
    Last Post: 09-30-2010, 04:35 PM
  4. Bo's Oreo Froccino or Starbuck's vanilla freeze?
    By Kehlpao12 in forum Food & Dining
    Replies: 10
    Last Post: 09-01-2010, 08:53 PM
  5. Replies: 2
    Last Post: 03-28-2009, 04:40 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
about us
We are the first Cebu Online Media.

iSTORYA.NET is Cebu's Biggest, Southern Philippines' Most Active, and the Philippines' Strongest Online Community!
follow us
#top