02:49 – Starbucks' growth continues with expansion

The Starbucks coffee giant experienced another episode of growth in the third quarter. A recovery in China, the opening of 511 new stores and favorable exchange rates pushed sales up 11% to $ 6.3 billion, but growth was only about 1%. Operating profit then fell 1.0% to $ 1.04 billionStarbucks CEO Kevin Johnson had warned earlier in June about lower numbers than badysts' projections, so the quarterly results did not create too many waves. After announcing the results, the company's prices fluctuated. It is expected that the results of the chain are better in the 4th quarter, with a growth rate of 3 to 5%. Starbucks' annual results should be just below its targets, which were also aiming for growth of 3 to 5% over the year. (Belga)

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