Seattle-based global coffee chain Starbucks’s net income for the third quarter fiscal of 2013 rose 25% reaching $417.8 million compared to $333.1 million a year earlier. Revenue also increased 13% to $3.74 billion in the three months ended June 30, and analysts estimate it will increase 12% to $14.8 billion in the company’s fiscal 2013. Additionally, sales at stores open at least 13 months gained 9% in the Americas, topping the 6.1% average of 22 analysts’ estimates compiled by Consensus Metrix.
In this context, Starbucks’ CFO Troy Alstead, says, “Foods have been phenomenal for us.” In the recent months, the brand has introduced a range of new items, including salads in addition to the refreshers, energy drinks and macchiato espresso coffees that boosted the US sales during the said quarter.
“Lower coffee bean prices are also boosting profit at Starbucks and may help us in posting better fourth quarter earnings. And we have about 80% of our coffee needs locked for fiscal 2014,” adds Alstead. Moreover, Starbucks has also been trying to bolster sales by adding more items in grocery stores such as Evolution Fresh juice and Teavana branded teas.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
As the demand for healthier food choices surges, ROOTS Food is leading
A new chapter unfolds for the leading tech-driven, hyperlocal e-commerce company, Rabbit,
Lulu Retail, the GCC’s retail powerhouse, has reported a transformative FY 2024,
The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
/ 
NRF Vice President of Education Strategy Susan Reda forecasts 2025’s retail trends
The Dubai Duty Free (DDF) has recorded sales of $1.94 billion up
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
One of UAE’s leading fresh food retailers, Spinneys has announced its intention
Acting as a bridge between Brazil and GCC markets offering a compelling
Commonly cited statistics indicate that around 20% of new businesses fail during
Previous Article
