Starbucks Q2 Earnings Is $152 million  Starbucks |
Starbucks, the world's largest coffeehouse chain, has delivered earnings of $152 million for the second quarter, easily beating Wall Street expectations, the Seattle-based company reported on Tuesday.
In the April-June period of 2008, Starbucks swallowed a loss of $7 million. Revenue in the latest quarter was down by nearly 7% to $2.4 billion.
After many years of rapid expansion, Starbucks has lately closed hundreds of its underperforming stores and reduced its workforce in attempt to regain solid profitability.
