Starbucks tops Wall Street expectations for first quarter

Starbucks Corp. perked up its net income by 18 percent in its fiscal second quarter, as more customers visited its cafes around the world.

The Seattle-based coffee chain says it earned $309.9 million, or 40 cents per share, for the three months that ended April 1. That’s compared with a profit of $261.6 million, or 34 cents per share, in the year-ago quarter.

Revenue for the latest quarter rose to $3.2 billion, up from $2.79 billion a year ago.

The company said revenue at stores open at least a year increased by 7 percent, as a result of more customers and higher spending per visit.

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Tue, 01/17/2017 - 23:24

USFibers to expand in Edgefield County

USFibers, a manufacturer of recycled polyester fiber, plans to expand operations in Edgefield County, adding 20 jobs, according to a news release from the South Carolina governor’s office. Read more