Starbucks reported a record US$16.4 billion in revenue for the 2014 fiscal year, reporting an 11 per cent increase in net revenue. Global comparable store sales increased 6 per cent over the year, with the China/Asia Pacific region continuing to lead growth at 7 per cent increase in sales. The Americas segment saw its comparable store sales increas by 6 per cent, while the EMEA region saw a very healthy 5 per cent increase in comparable store sales. Over the year, Starbucks opened 1599 net new stores globally, including 742 in the China/Asia Pacific region, 698 in the Americas region, and 171 in EMEA. In a statement, Starbucks President, CEO and Chairman Howard Schultz said the performance was “extraordinary”. The company released 2015 targets of 16 – 18 per cent revenue growth, including over US$1 billion in incremental revenue coming from the previously announced planned acquisition of Starbucks Japan.
Ethiopia records new coffee export record
Ethiopia has achieved a historic coffee milestone, recording unprecedented revenue within the first nine months of the current Ethiopian fiscal...
