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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (65397)	7/6/2006 4:44:20 PM
From: ild	Read Replies (1) of 110194

Starbucks Corp. (SBUX) after Thursday's closing bell posted a 6% rise in same-store June sales, down from a 7% increase in June 2005 and below analysts' average forecast. Analysts had been looking for a 7% rise in comparable-store sales for the month, according to Thomson First Call. Shares of the Seattle-based coffee retailer fell 4.1% in late trading to change hands for $36.31. Starbucks said net revenue in the five-week period ended July 2 rose 22% to $751 million from $618 million in the same period last year. "In June, we continued to deliver solid revenue and comparable store sales growth in line with our growth targets," Chief Executive Jim Donald said in a statement. At the start of May, the company said it continued to expect same-store sales growth ranging from 3% to 7% for the remainder of fiscal 2006, with monthly anomalies. At the same time, Starbucks reported a 27% rise in second-quarter profit and lifted its full-year 2006 earnings forecast to 71 cents to 72 cents a share from 68 cents to 70 cents a share

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