Starbucks Plans Expansion
Chain Store Age, Wednesday, November 7, 2012 8 AM
Starbucks Coffee Co. reported a higher-than expected net income of $359 million for its fourth quarter, compared with $358.5 million in the year-ago period. The company also raised its earnings estimate for the next fiscal year. It is accelerating its store growth target for fiscal 2013 through the opening of approximately 1,300 net new stores globally, representing 22% growth over fiscal 2012.
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