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.