JOHANNESBURG, SOUTH AFRICA–(Marketwire – April 27, 2010) – www.rothmanresearch.com – In the brunt of the recession, the people on the street behaved more like people at home; when they used to have coffee at Starbucks Corp. (
*Complimentary downloadable research reports on Starbucks Corp. and Tim Hortons Inc. are accessible upon registration at http://www.rothmanresearch.com/article/sbux/23479/Apr-27-2010.html or http://www.rothmanresearch.com/article/thi/23480/Apr-27-2010.html
“Starbucks was an underdog in 2009 and many of the industry experts flagged it as a goner due to its extensive expansion strategy throughout the years. As it stood in September 2009, the company had 8800 retail stores under its wings worldwide. But those investors which took it on their own shoulders to hold on to SBUX stocks are now cheerful that they never listened to wagging tongues,” commented Jack Benassi of www.rothmanresearch.com. “Starbucks has attributed its record earnings to a surge in comparable store sales amongst others and we believe that we might see positive readings from other specialty eateries like Tim Hortons which is set to report its earnings on May 13th, 2010.”
* www.rothmanresearch.com is a source for investors seeking free information on the Specialty Eateries industry; investors are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
The economic recovery is looking like it still needs a good dose of caffeine, but so far the earnings season has been promising across the board. Companies have been successful in their cost-cutting campaigns throughout 2009, but what proved even more encouraging is that sales and consumer confidence are on an uptrend.
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