Starbucks Profits $540 million Its First Quarter

The coffee chain Starbucks earned 540.7 million dollars in the first quarter of its fiscal year 2014, which is 25.1% more than the same period last year.

Starbucks explained after the close of markets between October and December last posted a net profit of 71 cents per share compared with 57 cents in the same period last year, when it earned 432.2 million dollars.

This coffee chain, the largest in the world, turnover for the first three months of its fiscal year 4239.6 million, 11.8% more than the same period last year, when revenues were 3793.2 million.

“The strong first quarter results once again demonstrate the strength of our business, especially considering the economic challenges continue globally,” he said in announcing accounts CFO Troy Alstead.

As for his activity in the U.S., where it opened 142 new stores, the chain explained that the operating result of local rose 24% in its first quarter, thanks to an increase in turnover of 8%.

In the Europe, Middle East and Africa, where it opened 64 new stores, operating income rose 50% after billing 11%, and in Asia and the Pacific, where it opened 209 new stores, rose 12% thanks to a revenue growth of 25%.

Although sales were below analysts’ forecasts, the results were well received on Wall Street, where shares, which had closed with a decline of 0.29%, rose in extended trading after closing 1 , 01%.

Shares of U.S. coffee chain have depreciated 6.38% since the beginning of the year in the Nasdaq composite, while have appreciated 33.9% over the past twelve months.