ADVFN - Advanced Financial Network.
HOME» NASDAQ » S » SBUX Stock Price » SBUX Stock News

Starbucks Share News

 Starbucks (mm) Stock Price
SBUX Stock Price
 Starbucks (mm) Stock Chart
SBUX Stock Chart
 Starbucks (mm) Stock News
SBUX Stock News
 Starbucks (mm) Company Information
SBUX Company Information
 Starbucks (mm) Stock Trades
SBUX Stock Trades

Tata Coffee's Profit More Than Doubles as US Unit Turns Around

By Rumman Ahmed BANGALORE--India's Tata Coffee Ltd. (532301.BY) said Monday its first-quarter consolidated net profit more than doubled from a year earlier, helped by a turnaround in its U.S. unit, Eight O' Clock Coffee Co. The company said in a statement its net profit for the three months ended June 30 rose to INR281.8 million ($5.1 million) from INR132.5 million a year earlier, the unit of Tata Global Beverages Ltd. (500800.BY) said in a statement. Consolidated sales rose 23% to INR4.08 billion from INR3.32 billion. The Eight O' Clock Coffee unit has been a drag on the Indian company's bottom line for the past several quarters following a sharp escalation in raw-material costs. A moderation in coffee prices, however, led the U.S. unit to report a jump in quarterly post-tax profit to $1.43 million from $0.17 million a year earlier. Tata Coffee, which owns coffee estates in the southern Indian states of Karnataka and Tamil Nadu, sells instant-coffee brands such as International Tata Cafe, Mysore Gold and Tata Kaapi. It also signed an agreement with Starbucks Corp. (SBUX) in January to supply roasted coffee beans to outlets to be set up by the Seattle-based company's joint venture in India as well as to its overseas operations. Tata Global and Starbucks have an equal joint venture, Tata Starbucks Ltd., which will start setting up Starbucks cafes in India later this year. Write to Rumman Ahmed at Order free Annual Report for TATA COFFEE LTD Visit or call +44 (0)208 391 6028 Order free Annual Report for Starbucks Corp. Visit or call +44 (0)208 391 6028

Stock News for Starbucks (SBUX)
07/29/201508:00:00New Evolution Fresh™ Greek Yogurts, Inspired by Dannon® Now Av...
07/28/201517:26:36Quarterly Report (10-q)
07/23/201517:47:05Starbucks Profit Jumps as Revenue Surges 18% -- Update
07/23/201517:30:05Starbucks Revenue and Profit Grow
07/23/201517:13:20Starbucks Revenue and Profit Grow
07/23/201517:12:03Starbucks Profit Jumps as Revenue Surges 18%
07/23/201516:08:08Current Report Filing (8-k)
07/23/201516:05:00Starbucks Delivers Record Quarterly Revenue of $4.9 Billion and...
07/23/201516:03:00Starbucks & PepsiCo to Accelerate Growth Within Latin America’s...
07/23/201516:01:00Starbucks Announces Additional Share Repurchase Authorization
07/22/201518:50:08Starbucks Teams Up With Lyft to Boost Loyalty Program
07/22/201518:26:22Starbucks Teams Up With Lyft to Boost Loyalty Program -- Update
07/22/201518:04:00Starbucks Adds Lyft to Growing Network of Companies in Retail’s M...
07/22/201518:00:49Starbucks Teams Up With Lyft to Boost Loyalty Program
07/22/201508:57:32EU Orders France to Recover State Aid From EDF --Update
07/21/201517:00:00Starbucks Creates First-of-its-Kind Digital News Experience with...
07/21/201514:22:21AMC Entertainment CEO Resigns--update
07/21/201513:39:45Food Offerings, Loyalty Program in Focus When Starbucks Reports...
07/21/201511:40:22AMC Entertainment CEO Resigns
07/21/201509:06:00AMC Entertainment CEO Resigns

Starbucks and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations