Canadian Vending

Features Coffee Service
Seasonal Drinks Boost Income


April 29, 2008
By Canadian Vending Staff

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SEATTLE (AP) – Starbucks Corp. shares steamed to an all-time high in early February after the world’s largest specialty coffee retailer reported strong quarterly earnings on brisk sales of its winter holiday drinks. Starbucks shares rose $3.04, or 9.7 per cent, on the Nasdaq Stock Market following the announcement.

SEATTLE (AP) – Starbucks Corp. shares steamed to an all-time high in early February after the world’s largest specialty coffee retailer reported strong quarterly earnings on brisk sales of its winter holiday drinks.
Starbucks shares rose $3.04, or 9.7 per cent, on the Nasdaq Stock Market following the announcement.

The Seattle-based retailer said customers’ appetites for holiday drinks such as peppermint mochas and gingerbread lattes helped push earnings up 20 per cent for the quarter. The eggnog latte proved so popular a year ago, baristas started serving up a chai tea version of the wintertime treat this past holiday season, CEO Jim Donald said. o

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