Tencent Finance YORK January 27 morning news, after-hours coffee retailer Starbucks announced on Wednesday its first-quarter performance report, financial results, continued sales growth by promoting, the company earnings season from the year earlier to 2.42 billion U.S. dollars, or about 32 cents per share, an increase to 3.47 billion U.S. dollars, or about 45 cents per share, better than analysts had on average expected profit of 39 cents per share.
financial report also shows that Starbucks quarter revenue grew 8% to 30 billion U.S. dollars, better than analysts had expected 29.2 billion.
Starbucks quarter comparable same-store sales increased 7% for the fifth consecutive quarter of growth.
Starbucks also raised its earnings report expected 2011 earnings at the low end. Starbucks also warned that rising costs of commodity prices will weaken earnings per share of 20 cents per share higher than previously expected 8 to 10 cents. (Yi Song)
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