Starbucks (SBUX) August Comps Up 5%
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Starbucks Corporation (NASDAQ: SBUX) said August comparable store sales increased five percent for the four weeks ended August 27, 2006, the high end of analysts expected 4%-5% range. The company reported consolidated net revenues of $617 million for the four-week period.
President and CEO, Jim Donald, said, "The increase in comparable store sales was driven by the popularity of our handcrafted beverages as well as a strong contribution from food in both additional lunch locations and enhanced offerings."
President and CEO, Jim Donald, said, "The increase in comparable store sales was driven by the popularity of our handcrafted beverages as well as a strong contribution from food in both additional lunch locations and enhanced offerings."
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