Gift-card sales perk up Starbucks’ profits for Oct.-Dec. quarter

SEATTLE Starbucks Corp. reported a 17.7-percent surge in its fiscal 2007 first quarter profit versus a year earlier, on revenues that jumped 21.8 percent to a record $2.36 billion.

Revenues were driven by same-store sales growth of 6 percent for the quarter ended Dec. 31, and the opening of 728 new locations, a record quarterly amount, the company said.

In addition, the dollar amount fixed to Starbucks Card activations jumped 30 percent from a year

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