SEATTLE (AP) — Starbucks Corp.'s fiscal fourth-quarter profit jumped nearly 29 percent on stronger sales of its coffee in its cafes and at other retailers.
The company, based in Seattle, reported Thursday that it earned $358.5 million, or 47 cents per share. That's up from $278.9 million, or 37 cents per share, last year. After adjusting for one-time gains and an extra week in the prior quarter, the company earned 37 cents compared with 32 cents last year.
Revenue rose 7 percent to $3 billion, with some benefit from foreign exchange rates. Revenue jumped 15 percent after adjusting for the extra week last year.
The results beat Wall Street's expectations and shares jumped …
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