Starbucks Grows On K-cup Strength And China Expansion, U.S. And Asia Margins Fall
Starbucks posted fiscal first quarter earnings after the bell on Thursday, showing that it continues to grow in China and has expanded its channel development group, indicating strong sales of K-cups and its own Verismo single-cup brewers. While revenue and profit came roughly in line with expectations, Howard Schulze’s company suffered margin compression in its two main markets, Americas and China/Asia Pacific.
Starbucks posted fiscal first quarter earnings after the bell on Thursday, showing that it continues to grow in China and has expanded its channel development group, indicating strong sales of K-cups and its own Verismo single-cup brewers. While revenue and profit came roughly in line with expectations, Howard Schulze’s company suffered margin compression in its two main markets, Americas and China/Asia Pacific.