Starbucks Profit Climbs 34% as U.S. Customer Traffic Rises
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Starbucks Corp., the world’s largest coffee-shop operator, said third-quarter profit rose 34 percent as customer traffic increased in the U.S.
Net income in the period ended July 3 climbed to $279.1 million, or 36 cents a share, from $207.9 million, or 27 cents, a year earlier, the Seattle-based company said today in a statement. The average estimate of analysts surveyed by Bloomberg was for profit of 34 cents a share.