US coffee giant Starbucks has reported a 9.9% jump in fourth-quarter net profit to US$58.5m from $53.2m in the same period last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

For the three months ended 29 September, Starbucks posted record revenues of $865m, compared with $689.5m for the same quarter last year. Analysts polled by Thomson First Call had forecast revenue of $854.3m.

The Seattle-based company plans to open around 750 stores in the US during fiscal 2003, as well as expanding into new countries and increasing its presence in Latin America, the Middle East, Asia and Europe.

For the financial year ended 29 September, Starbucks posted a profit of $215.1m, compared to $181m for the previous year. Revenues for the fiscal year were $3.8bn, a 26.7% rise from $3bn in the previous year, reported AP.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now