US coffee giant Starbucks has claimed a quick rise in profits and has improved its full-year forecasts as global sales continued to raise.
Remaining income for the three months to 3 July was $279.1million up 34% on the $207.9million the business made a year earlier. Income was up 12% at $2.93billion.
Comparing this year sales to last year , which narrow out the impact of new stores that rose by 8%.
The results were better than market analyst had expected and Starbucks’ shares rose in after-hours trading.
Starbucks record third quarter results reflect both the fundamental strength and ongoing thrust that have been experiencing across all of their business segments and around the world .
Starbucks has never been better. International profits rose by 20%, while those in the US were up 9%.
Previously this month, Starbucks revealed a reform of its global operations aiming to raise half of its revenues from outside the US.
Starbucks currently earns less than 25% of its profits from non-US operations.