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Starbucks Q1 profit jumps 25%; sales miss
Seattle – Starbucks Corporation’s profit in the first quarter rose 25% to $540.7 million from $432 million in the year-ago period, better than analysts expected.
Revenue for the quarter ended Dec. 29, 2013 rose 12% to $4.24 billion from $3.79 billion. Same-store sales rose 5%, beneath Wall Street expectations of 5.9%.
Same-store sales in the Americas region also rose 5%, while analysts had expected a 6.4% increase.
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EDENS signs four at Park Road in Charlotte, N.C.
Columbia, S.C. — EDENS has announced that four new local retailers and restaurants will open at Park Road Shopping Center in Charlotte, N.C., in the coming months.
The newly announced additions include:
• Cantina 1511, a Mexican eatery, plans to open toward the end of this summer.
• Va Da Vie is a local gelato store scheduled to open in February.
• LALA Girl, a locally owned beauty service makeup bar, plans to open this spring.