Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Jumping Beans At Starbucks


In Business This Week: CLOSING BELL

JUMPING BEANS AT STARBUCKS

Starbucks stock was buzzing on July 3 as it leaped 4 to 56 5/8; the next trading day, it hit 58 1/8. The reasons: Starbucks may put coffee bars in or near Kinko's copy shops. And comparable-store sales rose 4% in June, even without raising prices. "Starbucks proved that even without price increases, they can do just fine," says Joe Norton, a Hambrecht & Quist analyst. Revenue should keep perking as Starbucks expands abroad and into grocery stores, analysts say.EDITED BY KELLEY HOLLANDReturn to top

Return to top


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus