Daily Management Review

Starbucks receives record revenue in Q3


American Starbucks Corporation, which owns the world's largest network of coffee houses, increased revenue to a record level in the third fiscal quarter.

As stated in the press release of Starbucks, its revenue jumped in April-June by 11.5%, to $ 6.31 billion.

The company's net profit for the past quarter was $ 852.5 million, or $ 0.61 per share, compared to $ 691.6 million, or $ 0.47 per share, for the same period a year earlier.

The profit, excluding one-time factors, was $ 0.62 per share.

Analysts polled by Thomson Reuters expected adjusted earnings of $ 0.61 per share on revenue of $ 6.25 billion.

Global comparable sales of Starbucks increased by 1% in the previous quarter, with the experts expecting an increase of 0.9%.

In the US market, growth was 1%, while in China, sales were down 2%.

According to the company's forecast, global comparable sales in the current financials will grow by 3-5%, adjusted earnings per share will be $ 2.40- $ 2.42. It is expected that 2.3 thousand new Starbucks will be opened in the world in a year.

Starbucks shares are getting up by 0.3% during the preliminary bidding on Friday. Since early 2018, the company's capitalization has decreased by 10%, to $ 71.24 billion.

source: cnn.com

Science & Technology

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

Hyundai to create joint venture for unmanned vehicles

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

World Politics

World & Politics

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria

Paralyzed Hong Kong: Protests don't fade

Johnson unveils Brexit compromise deal considering Irish issue

African swine fever at Europe’s borders: time for an embargo?

Saudi Crown Prince Says Khashoggi’s Murder Happened Under His Watch

Will Merkel restore her "Climate Chancellor" image?

Venezuelan opposition to receive $ 52 mln from USA