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Starbucks posts 2Q results
May 3, 2007
Associated Press: Despite flat traffic in U.S. stores, Starbucks' aggressive global expansion helped second-quarter profit jump 18.5 percent, executives said.
Net income for the 13 weeks ended April 1 was $150.8 million, up from earnings of $127.3 million in the same period last year.
In a separate announcement before the quarterly results were released, Starbucks and the Ethiopian government said they expect to complete a licensing, distribution and marketing deal with Ethiopia this month that would settle an ongoing trademarks dispute .
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