Seattle/Washington, July 22 (DPA) The world’s largest coffeehouse chain Starbucks delivered earnings of $152 million for the second quarter, easily beating Wall Street expectations, the Seattle-based company reported Tuesday.
In the April-June period of 2008, Starbucks swallowed a loss of $7 million.
Revenue in the latest quarter was off nearly seven percent to $2.4 billion.
After many years of rapid expansion, Starbucks has lately closed hundreds of its underperforming stores and reduced its workforce in attempt to regain solid profitability.
