Starbucks global profit climbs 6%January 25, 2013 - 11:07 AMT PanARMENIAN.Net - Starbucks has said its profit rose in its fiscal first quarter as customers stepped up spending at its cafes in the United States and Asia, but its revenue fell short of expectations, Belfast Telegraph said. The Seattle-based coffee chain said global sales at cafes open at least a year rose 6%, reflecting an increase in traffic and spending per visit. The figure is a key metric because it strips out the impact of newly opened and closed locations. In Europe, the figure fell 1%. For the period October to December, Starbucks earned 432.2 million US dollars compared with 382.1 million US dollars in the same period a year ago. Revenue rose 11% to 3.8 billion US dollars. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. |