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

General General · 29-07-2011 01:01AM #1

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 · 29-07-2011 01:02AM

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

Wetai · 29-07-2011 01:03AM

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

Larianne · 29-07-2011 01:03AM

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 · 29-07-2011 01:05AM

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

Overheal · 29-07-2011 01:07AM

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 · 29-07-2011 01:07AM

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

ballsymchugh · 29-07-2011 01:08AM

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 · 29-07-2011 01:10AM

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

Overheal · 29-07-2011 01:13AM

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 · 29-07-2011 01:13AM

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 · 29-07-2011 01:14AM

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 · 29-07-2011 01:25AM

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 · 29-07-2011 01:30AM

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 · 29-07-2011 01:35AM

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 · 29-07-2011 01:35AM

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

policarp · 29-07-2011 01:38AM

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 · 29-07-2011 01:42AM

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 · 29-07-2011 01:43AM

Kojak wrote: »

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

You Fookoffey.

WindSock · 29-07-2011 01:46AM

It's their icey mochas

Bleedin delish.

amacca · 29-07-2011 01:50AM

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 · 29-07-2011 01:53AM

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

Yakult · 29-07-2011 01:53AM

Starbucks is over-rated and over-priced.

amacca · 29-07-2011 01:54AM

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 · 29-07-2011 01:56AM

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 · 29-07-2011 01:56AM

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 · 29-07-2011 02:03AM

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 · 29-07-2011 02:05AM

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

bc dub · 29-07-2011 02:07AM

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 · 29-07-2011 02:10AM

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 · 29-07-2011 02:13AM

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.

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

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