There aren’t many in the developed world that haven’t heard of Starbucks. Starbucks Coffee, based in the city of Seattle in the USA, is known to be the worlds biggest coffee chain. The company has established a lot of chains worldwide – no wonder why its sales soared higher than expected. Starbucks Corporation has made their company visible and grows in every country in the world.
The company, Starbucks Corporation, has reported stronger sales in the United States and in Asia despite the economic problems experiences worldwide. Their share price increased in trade markets recently. The company topped the profit expectations and now raises its forecasts. The company reported their net earning of $432.2 million for the quarter that ended December 30 of last year, meeting the averages that were compiled by Thomson Reuters.
The sales of the company in some of its established chains were up to 11 percent in the countries like China and the Asia Pacific region and down slightly at 1 percent in Europe, the Middle East and Africa.
Chief Financial Officer Troy Alstead told the Reuters that it is too early to say if the tax hike in the United States that would reduce take-home pay will be having an impact on the business of the company.