Heard on the Call: Starbucks Corp.

Execs discuss high coffee costs, plans for packaged goods business

Starbucks executives told analysts Wednesday that rising coffee costs would take a greater-than-expected toll on earnings in 2011, but continuing sales momentum would likely offset the damage.

Officials from Seattle-based Starbucks Corp. offered updates on commodity costs, its packaged goods business and development targets after reporting a 44-percent increase in net income for the first quarter. The company also posted record U.S. sales and its fifth consecutive quarter of traffic gr

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.