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 rumman.ahmed@dowjones.com Order free Annual Report for TATA COFFEE LTD Visit http://djnweurope.ar.wilink.com/?ticker=INE493A01019 or call +44 (0)208 391 6028 Order free Annual Report for Starbucks Corp. Visit http://djnweurope.ar.wilink.com/?ticker=US8552441094 or call +44 (0)208 391 6028

Stock News for Starbucks (SBUX)
DateTimeHeadline
04/26/201616:10:39Quarterly Report (10-q)
04/22/201617:40:00Frontier Fields Customer Complaints After Switch-Over From Verizon
04/22/201609:59:00U.S. Hot Stocks: Hot Stocks to Watch
04/22/201603:03:00U.S. Demand Drives Profit -- WSJ
04/21/201618:34:00Starbucks Sales Growth Disappoints -- 3rd Update
04/21/201618:26:00Correction to Starbucks Earnings Stories
04/21/201617:46:00Starbucks Sales Growth Disappoints -- 2nd Update
04/21/201617:12:00Starbucks Earnings Forecast Disappoints -- Update
04/21/201616:50:00Starbucks Earnings Forecast Disappoints
04/21/201616:48:00Starbucks Earnings Forecast Disappoints
04/21/201616:07:35Current Report Filing (8-k)
04/21/201616:04:00Starbucks Reports Record Q2 Financial and Operating Results;...
04/21/201608:18:00Starbucks Opens First Store in South Africa
04/20/201611:22:00100,000 Opportunities Initiative to Host Opportunity Hiring Fair...
04/06/201616:05:00Starbucks Announces Q2 FY16 Results Conference Call
04/05/201621:10:00Starbucks to Open Its Largest Store in the World in Manhattan
04/05/201616:20:00Starbucks to Open Its Largest Store in World in Manhattan
04/05/201616:05:00Starbucks to Open its Largest Store in the World in Manhattan
03/28/201616:07:37Current Report Filing (8-k)
03/25/201611:27:00Where Dunkin' Donuts and Starbucks Go Head-to-Head, Side-by-Side

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad