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Starbucks Q4 profit up 34%; 1,500 net new stores on tap
Seattle -- Starbucks Coffee Company on Wednesday reported a better-then-expected 34% rise in its fiscal fourth-quarter and raised its quarterly dividend 24%. The company earned $481.1 million, up from $359 million a year ago.
Total net revenues increased 13% to $3.8 billion, just short of expectations.
Global same-store sales increased 7%, driven by a 5% increase in traffic. Same-store sales were up 8% in the United States and the Americas and 8% in China/Asia Pacific region.
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Posiflex releases new mini-PC controller
Hayward, Calif. -- Posiflex’s new TX4200E is a small industrial PC multipurpose controller that runs virtually any software to drive digital signage, kitchen control configurations, PC replacement, surveillance systems, point-of-purchase displays, POS and service, and wired or wireless vending or kiosk applications.