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Starbucks’ Q2 profit tops estimates
Seattle -- Starbucks Coffee Company reported that its second-quarter profit rose 26% to $390.4 million, up from $309.9 million last year, amid sales increases in the Americas and Asia regions.
Total net revenue for the quarter ended March 31, 2013, rose 11% to $3.56 billion, not quite the $3.58 billion Wall Street expected. Global same-store store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket, marking the 13th consecutive quarter of global comp growth greater than 5%.
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New tenants bring Grace Park to near 100% occupancy
Morrisville, N.C. -- The Kalikow Group, on behalf of KEP Morrisville Realty and EYC Cos., said that Grace Park, a mixed-use development featuring 90,000 sq. ft. of ground-floor and outparcel retail space, as well as 180 residences, is nearing 100% occupancy with the addition of four new tenants.
Trali Irish Pub, leased 4,100 sq. ft. at the Morrisville, N.C. property, and Health Station will occupy 1,500 sq. ft. Ladders Teaching Supply is opening a 1,500-sq.-ft. store and Italian restaurant Mare leased 3,200 sq. ft.