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Thursday, May 1, 2008
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Tim Hortons serves up fresh management, Starbucks profits slide
Summary from multiple countries, from articles in English
Excluding 4 cents per share for acquisition activities, earnings were 55 cents per share, meeting the expectations of analysts surveyed by Thomson Financial. (article 9) The company said same-store sales rose 3.9 percent from the prior year, with pharmacy sales rising 3.7 percent and front end sales up 4.3 percent. (article 9) Starbucks said second quarter profit fell 28 percent, to $108.7 million, from $150.8 million a year earlier, while earnings declined 21 percent, to 15 cents a share from 19 cents. (article 1) Profit for Tessco Technologies Inc. fell 32 percent for the fiscal year ending March 30, to $4.8 million, or 88 cents per share, compared with $7 million, or $1.17 per share, for the previous year. (article 6) CB Richard Ellis profit rises 71% Commercial real estate broker CB Richard Ellis Group Inc. said Tuesday that first-quarter profit climbed 71% on gains in leasing property. (article 5) Rising sales lift results for IHOP IHOP Corp., which owns the biggest U.S. pancake-restaurant chain, reported that first-quarter profit rose 22% as sales advanced. (article 5) SEATTLE Starbucks Corp. said Wednesday that its fiscal second-quarter profit fell 28% as U.S. consumers responded to rising food and gasoline prices by making fewer latte runs. (article 3)

Other summaries about this story:
  • Summary from United States, from articles in English (8 articles) [compare]
  • Summary from Canada, from articles in English (1 articles) [compare]

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    cents, Starbucks, share, Profit, million

    Source articles
    1. Starbucks Reports 28% Drop in Profit and Trims Store Openings (nytimes.com, 05/01/2008, 645 words)
    2. Starbucks profit sinks 28% in second quarter (seattletimes.nwsource.com, 04/30/2008, 503 words)
    3. Starbucks' profit falls 28% (L.A. Times, 04/30/2008, 418 words)
    4. Los Angeles Times (L.A. Times, 05/01/2008, 539 words)
    5. Los Angeles Times (L.A. Times, 04/30/2008, 401 words)
    6. Earnings: Tessco profit falls 32% for fiscal year - (baltimoresun.com, 05/01/2008, 174 words)
    7. Tim Hortons serves up fresh management, Starbucks profits slide (cbc.ca, 05/01/2008, 422 words)
    8. Old Cambridge tour is free to download till June (boston.com, 05/01/2008, 589 words)
    9. CVS Caremark 1Q profit rises as sales climb (seattletimes.nwsource.com, 05/01/2008, 206 words)




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