Starbucks posted fiscal first quarter earnings after the bell on Thursday, showing that it continues to grow in China and has expanded its channel development group, indicating strong sales of K-cups and its own Verismo single-cup brewers. While revenue and profit came roughly in line with expectations, Howard Schulze's company suffered margin compression in its two main markets, Americas and China/Asia Pacific.
Starbucks Grows On K-cup Strength And China Expansion, U.S. And Asia Margins Fall
Forbes - 24 Jan 2013 23:56
Starbucks posted fiscal first quarter earnings after the bell on Thursday, showing that it continues to grow in China and has expanded its channel development group, indicating strong sales of K-cups and its own Verismo single-cup brewers. While revenue and profit came roughly in line with expectations, Howard Schulze's company suffered margin compression in its two main markets, Americas and China/Asia Pacific.
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