Starbucks’ 4Q earnings up nearly 30%

Starbucks’ 4Q earnings up nearly 30%

Starbucks Corp. ended the year with fourth-quarter profits up nearly 30 percent, the company said Thursday.

For the quarter ended Oct. 2, Starbucks reported net earnings of $358.5 million, or 47 cents per share, up 29 percent compared with $278.9 million, or 37 cents per share, for the same quarter last year. The previous year included a 14-week quarter and 53-week year.

Total revenue reached a record $3 billion, up 7 percent from the 14-week quarter last year, or up 15 percent

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