CarriageTowneNews.com, Kingston, NH

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October 30, 2013

Starbucks profit rises 34% on pumpkin lattes

— Starbucks, the world's largest coffee-shop chain, said fourth-quarter profit rose 34 percent as it attracted U.S. diners with seasonal drinks and new pastries.

Net income in the three months ended Sept. 29 increased to $481.1 million, or 63 a share, from $359 million, or 46 cents, a year earlier, the Seattle-based company said Wednesday in a statement. Analysts estimated 60 cents a share, the average of 27 projections compiled by Bloomberg.

Chief Executive Officer Howard Schultz has been pursuing new avenues of growth, including higher-quality bakery food and tea, as the company opens more stores across the U.S. Restaurants that cater to higher-income consumers, such as Starbucks and Chipotle Mexican Grill Inc., are outperforming McDonald's Corp. and other less-expensive fast-food joints.

Sales at Starbucks stores open at least 13 months increased 8 percent in the Americas. Analysts estimated a 7.1 percent gain, according to Consensus Metrix, a researcher owned by Wayne, N.J.-based Kaul Advisory Group.

Starbucks fell 1.1 percent to $79.87 at 4:09 p.m. in New York. The shares climbed 51 percent this year through the close of regular trading today, compared with a 24 percent gain for the Standard & Poor's 500 Restaurants Index.

 

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    Meredith, NH — Elwood (Al) Shaw, 93, of Center Harbor, passed away peacefully on Sunday, March 30, 2014, at Forestview Manor in Meredith. He was the beloved husband of the late Greta L. (Sykes) Shaw, to whom he was married for 62 years.

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  • Jo Ann Hughes, 79

    Sandown, NH — Jo Ann (Phelps) Hughes of Sandown, New Hampshire passed away on Thursday, March 27, 2014, surrounded by all of her children at home. She was born in Little Bend Kentucky, to Beatrice (Shepherd) Phelps and John (Cat) Phelps in 1934. Jo Ann was predeceased by brothers, Marcus Phelps, Johnny Phelps, Forrest Phelps and sisters, Juanita Phelps, and Jeanette (Phelps) Vincent. She is survived by brother, Donald Quiggins of Georgia; sisters, Geneva (Phelps) Stanley of Kentucky, and Frances (Phelps) Bratcher of Tennessee who had just visited Jo Ann in September of 2013.

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