Starbucks coffee profits up by a third as sales jump. WTF?

General General

How is the following happening when the world economy is supposedly flucked?

US coffee giant Starbucks has reported a sharp rise in profits and increased its full-year forecasts as global sales continued to grow.
Net income for the three months to 3 July was $279.1m (£170.5m), up 34% on the $207.9m the company made a year earlier. Revenue was up 12% at $2.93bn.
Like-for-like sales, which strip out the impact of new stores, rose by 8%.
The results were better than analysts had expected and Starbucks' shares rose in after-hours trading.
"Starbucks record third quarter results reflect both the underlying strength and continuing momentum we have been experiencing across all of our business segments and around the world," said chief executive Howard Schultz.
"Starbucks has never been healthier."
International revenues rose by 20%, while those in the US were up 9%.
Earlier this month, Starbucks unveiled a reorganisation of its global operations as aims to raise half of its revenues from outside the US.
The company currently earns less than 25% of its revenues from non-US operations.

Source: http://www.bbc.co.uk/news/business-14335897


OP's answer: I dunno.


Sent from my batPhone.

zuroph

business meetings, friend meetups, etc, have been downgraded from restaurants to coffee shops. simples.

Wetai

As long as they offer free WiFi, people will keep buying coffee there while using it.

Larianne

Because coffee helps keep overstressed, overworked people awake.

Also, people might not be able to meet up for a few drinks but can afford to go for a coffee.

flahavaj

Not surprising, they're f*cking everywhere in the States.

Overheal

I just bought a Frappuchino for the first time ever last week. That could easilly account for a 17% increase in sales, especially seeing how one of those drinks is about 1/3 of the way to a sirloin dinner.

Boneitus

I always go to Starbucks even though the coffee aint great.......lack of alternative I would guess

ballsymchugh

when starbucks moves into the area, then you know it's a place to buy. they were 2nd into harlem after bill clinton opened offices there. then it became a not so bad area.
saying that though, they moved out of tallaght 2 years ago. they've just got their finger on the pulse when it comes to good places to do business.

Roar

that and I think the "cinnamon" shaker has cocaine in it... might explain how I keep going back anyway...

Overheal

Boneitus wrote: »

I always go to Starbucks even though the coffee aint great.......lack of alternative I would guess

K-Cups @ home. The Best.

Miss Fluff

Eh it's a no-brainer why they are so profitable.

They charge about €20 for a cup of substandard coffee which, when the froth has subsided, comes to all of about 20mls and tastes like the pee of someone with a kidney infection.

I HATE Starbucks!!

Pfffftttttt.

amacca

jumped up twitchy paranoid caffeine addicts go cold turkey in desperate attempt to repair their balance sheets in the wake of worldwide recession

recession lasts too long.................shakes set in

spike in sales as sad junkies cant take it no more........


starbucks knew you fools couldn't hold out


thats why they didnt drop their prices, do any two for one deals...they fcukin knew


yes thats right...bring your kids in with you.

El Horseboxo

I've a friend that works in a hacienda in manizales in Colombia. She once told me that the likes of nescafe and starbucks etc get the most crap beans they grow. Ones they mostly throw out except there's a market for them.

amacca

El Horseboxo wrote: »

I've a friend that works in a hacienda in manizales in Colombia. She once told me that the likes of nescafe and starbucks etc get the most crap beans they grow. Ones they mostly throw out except there's a market for them.

but those nescafe ads...the classy middle aged women....the lads with panama hats surely not!!!

I feel violated to the very core of my being

I suppose you're going to tell me the man from del monte was some sort of fcukin fake aspirational fiction too

ffs...John West wouldn't stand for this ****

sock puppet

amacca wrote: »

but those nescafe ads...the classy middle aged women....the lads with panama hats surely not!!!

I feel violated to the very core of my being

I suppose you're going to tell me the man from del monte was some sort of fcukin fake aspirational fiction too

ffs...John West wouldn't stand for this ****

Bad news I'm afriad. John West Dolphin Friendly Tuna is actually made from nothing but dolphins.

Kojak

Would this thread not be better suited to the tea and coffee forum?

policarp

Everyone should know that "Starbucks"
disposable recepticles are only used by
those who can't afford "Take Away"
coffee and are used as begging bowls. . .

General General

Kojak wrote: »

Would this thread not be better suited to the tea and coffee forum?

I see your future... you're a moderator...

This thread isn't really about the coffee.

sock puppet wrote: »

Bad news I'm afriad. John West Dolphin Friendly Tuna is actually made from nothing but dolphins.

It now reads 'Friendly Dolphin Tuna' on the cans, if you notice..

policarp

Kojak wrote: »

Would this thread not be better suited to the tea and coffee forum?

You Fookoffey.

WindSock

It's their icey mochas

Bleedin delish.

amacca

sock puppet wrote: »

Bad news I'm afriad. John West Dolphin Friendly Tuna is actually made from nothing but dolphins.

sneaky motherfcukers!

what they actually mean by Dolphin friendly is that they make friends with them by pretending to be your bog standard oceanographic research associates ..... before chopping them up adding brine and sticking them in tins.............................................................its an age old packaging misdirection trick I learned about during my first stint in command of the 43rd sniper company in Korea.

the officers did'nt play cards or seek out the local whorehouses on our downtime.......we swapped stories about our time on civvy street in the advertising and labeling industries - those walks of life were a hotbed for recruitment into military command back then you see.

PseudoFamous

I've never been in a starbucks before, I feel left out. Is there one in Wexford mar aon seans?

Yakult

Starbucks is over-rated and over-priced.

amacca

General General wrote: »

It now reads 'Friendly Dolphin Tuna' on the cans, if you notice..

ya see...told ya.

those lovely cute intelligent dolphin were friendly right up until their last moments.

now the are part of a healthy, balanced omega3 rich diet.


gone but not forgotten........chiefly because of the gastric reflux.

later12

cos they passed on the Vat reduction at the centre of the known universe. Their global image has totally changed.


Seriously sh1t coffee, though. I can only assume their popularity is related to lots of non coffee drinkers with nowhere else to go, but who need to plug their laptop in somewhere.

Emiko

amacca wrote: »

gone but not forgotten........chiefly because of the gastric reflux.

They've toxic levels of mercury in them too.

All part of a balanced diet.

amacca

Emiko wrote: »

They've toxic levels of mercury in them too.

All part of a balanced diet.

yeah ...the guys are sorry about that....they let some of the GIs have a little fun with the dolphins.....didn't realize the mercury fulminate in the ammunition would contaminate the last shipment.....they wont do it again.

General General

Why did the Dolphin cross the road? ...to get to the Starbucks on the other side.

bc dub

I always try to use independent coffee shops, but starbucks do get it right, everytime, I ever go. Iced Latte's with Whipped cream on top, for the love of dog...

tommyboy2222

Can anyone tell me where I can get a good cup of coffee in Dublin city centre if Starbucks is so rubbish ?

Cos the other chains are worse.

Overheal

in fairness to starbucks they do alright Normal coffee at a normal price compared to other places. The problem is you go there and want something that isn't normal, like a Mocha Frappuchino. Then you get into money.

And some people prefer McDonalds coffee. Bleh.

jill_valentine

sock puppet wrote: »

Bad news I'm afriad. John West Dolphin Friendly Tuna is actually made from nothing but dolphins.

Tasty, tasty dolphins.

Dolphins are jerks anyway. Ideas above their station, and they're mad for a bit of rape.

Buceph

Yakult wrote: »

Starbucks is over-rated and over-priced.

I don't know if this is a particularly UCC thing, because I've only ever drunk Starbucks from there as part of the Kylemore catering entity. But their coffee is good, much better than what you'd get in the majority of pubs and cafés across Ireland. And you get a fairly decent size paper cup thingy for €2.50. Where you'd be paying €2 for a Centra paper cup thingy, you get one of those plus a half for the €2.50 in the Starbucks.

And I've drunk coffee all over Europe (supposedly where the coffee culture is most,) in Asia and Australia, and Starbucks is on the good side of coffee. The two best rated places for coffee in Cork tend to be Cork Coffee Roasters, and the coffee bar in the English Market. Starbucks easily holds its own on a value comparison. The only time I get coffee of a magnitude better is buying my own beans when the shops tell me they're freshly roasted (Both CCRs and Maher's), grinding them myself and making the coffee myself.

Starbucks hate is the same as the Nespresso hate. Originally held by a few people who genuinely liked their coffee, but now spouted by trendy pricks trying to stay "authentic." Just like Nespresso coffee it is above average, consistent, and eminently drinkable. If you want a semi-decent coffee, you won't go wrong with it. If you want seriously good coffee, you'll know far more about coffee than the crap most people will spout in here.


Edit: For clarity, I'm talking about coffee here, either milk based or water based. You're flavoured coffees and frapachinos can fook right off. They are to coffee what alcopops are to alcohol.

amacca

jill_valentine wrote: »

Tasty, tasty dolphins.

Dolphins are jerks anyway. Ideas above their station, and they're mad for a bit of rape.

were you in my unit soldier?

WoollyRedHat

Oh sorry, that must have been me, I drank a **** load of times there

later12

Overheal wrote: »

in fairness to starbucks they do alright Normal coffee at a normal price compared to other places. The problem is you go there and want something that isn't normal, like a Mocha Frappuchino. Then you get into money.

And some people prefer McDonalds coffee. Bleh.

I've tried this (it was 5am) and it was actually not awful. In fact it was better than lots of other coffee I've had, I would rate it reasonably similar to Coffee Society (itself not going to set anyone's world on fire).

Of course, there is a reasonable chance that I have a positive bias, because my initial expectations were so poor.

El Horseboxo

amacca wrote: »

El Horseboxo wrote: »

I've a friend that works in a hacienda in manizales in Colombia. She once told me that the likes of nescafe and starbucks etc get the most crap beans they grow. Ones they mostly throw out except there's a market for them.

but those nescafe ads...the classy middle aged women....the lads with panama hats surely not!!!

I feel violated to the very core of my being

I suppose you're going to tell me the man from del monte was some sort of fcukin fake aspirational fiction too

ffs...John West wouldn't stand for this ****

Nah I'd tell ya I'm surprised you only got 3 thanks for that post. So much hard work and effort needs to be rewarded more.

Andy-Pandy

Ive never had a starbucks coffee

stimpson

tommyboy2222 wrote: »

Can anyone tell me where I can get a good cup of coffee in Dublin city centre if Starbucks is so rubbish ?

Cos the other chains are worse.

http://www.3fe.com/

This guy is a boardsie and placed 4th in the world barrista championships. Savagely good coffee.

kelle

That's not surprising, as their Cafe mochas and mocha frappucinos are the best ever!

stovelid

tommyboy2222 wrote: »

Can anyone tell me where I can get a good cup of coffee in Dublin city centre if Starbucks is so rubbish ?

My friend that works in a socialist coffee cooperative in Guatemala told me about loads of them but unfortunately the cult of superior consumption is predicated on the exclusion of others. Sorry.

jester77

Not really that surprised, they are expanding very fast. I remember there were only 2 or 3 around here a few years back, I can count at least 15 now. 2 just outside my door here, handy for a coffee meeting during the day or for after work meetings. Starbucks are packed here after work, can be difficult to get a seat.

ollaetta

Andy-Pandy wrote: »

Ive never had a starbucks coffee

But do you know what a Tracker mortgage is?

southsiderosie

The article said that most of their expansion is outside of the US. When I was in Asia last year, Starbucks was EVERYWHERE, and they are packed. People like them because they are a good place to study, meet your friends or have informal business meetings. The stores also also very clean and well-maintained, and by the standards of places like Hong Kong, are relatively spacious. So I'm not too surprised that they are doing well; emerging markets are doing better economically right now than the US and Europe.

Run_to_da_hills

LiamN wrote: »

As long as they offer free WiFi, people will keep buying coffee there while using it.

You also have a less chance of getting murdered in Starbrooks than in an Internet cafe.

http://www.herald.ie/news/quays-horror-as-victim-kicked-to-death-over-70c-2653960.html

judas101

iPad sales go through the roof = more posers in Starbucks

PrincessLola

It always has such a nasty aftertaste to it, they don't even make it like real barristas, its all pressing a button on the fcking machine.

Coffee is serious business. (I'm not addicted I can quit anytime i want!)

yupyup7up

Well better make it quick kiddo, in 5 minutes this place is becoming a starbucks

citizen_p

I went to starbucks once, they asked me do i want cofee in my iced choclate frapachino...

ordering there is like going to subway for the first time
"what bread do you want" (in fractured english didnt help)
*I have a choice* "em that one"
"do you want it toasted"
"how much is it"
etc...

citizen_p

ollaetta wrote: »

But do you know what a Tracker mortgage is?

:pac: that just reminded me of a time on a packed bus where we convinced one of my friends we would act out the ad with him, he stood up and said
"I don't know what a tracker mortgage is!"
expecting us to follow it up... didn't happen

https://www.youtube.com/watch?v=l74083zafAM

artvandulet

'New Starbucks opens up in the restroom of existing Starbucks'
http://www.theonion.com/articles/new-starbucks-opens-in-rest-room-of-existing-starb,560/

"Now, people can enjoy a delicious Frappuccino or espresso just about any time they please, even while defecating."