Starbucks third-quarter net profit rose 37%
Sina News Financial News Starbucks Wednesday morning Beijing time Thursday reported third-quarter net profit after the close of last year's 151.5 million U.S. dollars, 20 cents a share, up from 207.9 million U.S. dollars, 27 per share cents.
Excluding one-time items, earnings per share for the quarter rose 29 cents, consistent with expectations of analysts polled by FactSet Research.
Starbucks quarter ended June 27 revenue from 2.4 billion U.S. dollars last year grew by 8.7% to 2.61 billion U.S. dollars, same-store sales rose 9%.
The company also announced a quarterly cash dividend will share from 10 cents to 13 cents dividend date August 20 to shareholders of record date of August 4.
Starbucks fell 2.8% after-hours, closing at 24.47 U.S. dollars. Stock in the past 24 months has risen by 70%.
