 Starbucks opened 728 new stores worldwide during the quarter |
Starbucks saw its profits climb 18% in the last three months of 2006, boosted by opening more than eight new stores per day around the world. The world's largest coffee chain made a net profit of $205m (�104m) during the period, its fiscal first quarter, up from $174m a year earlier.
Starbucks' net revenue for the quarter was $2.35bn, a 24% increase on the $1.9bn the year before.
Sales at stores open for a year or more rose 6% during the three months.
The results met market expectations.
Starbucks said it opened a record 728 new outlets during the quarter.
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