Revenue for the latest quarter rose 20% to $2.26 billion, compared to $1.89 billion last year. (Analysts had hoped for revenue of $2.3 billion.) Starbucks says sales at stores open at least 13 months rose 4% over the same quarter last year. That's toward the low end of its forecast, but president Jim Donald says that's not a concern. "We're extremely pleased," he says. Prediction: There will be more pressure to upsell in an attempt to goose the same-store figures. (Associated Press)
> From Marketwatch.com: "Same-store-sales growth at Starbucks has slowed recently. The company has been adding food options, including warm food at some locations; entertainment; and drive-through windows. It also has invested in equipment and labor-saving devices to relieve store congestion."