Green Mountain Coffee has revenue of $1.158 billion in the first quarter.
On February 2nd, Green Mountain Coffee released its unaudited financial results for the first quarter of fiscal year 2012 ended December 31, 2011, showing revenue of $1.158 billion, up 102% from a year earlier.
Beijing time, February 2, Green Mountain Coffee released its unaudited financial report for the first quarter of fiscal year 2012 as of December 31, 2011. the financial report shows:
-revenue of $1.158 billion, up 102% from a year earlier
-GAAP operating profit of US $146 million, compared with US $23.3 million in the same period of fiscal year 2011, and non-GAAP operating profit of US $158 million, a year-on-year increase of 258%
-net profit under GAAP was US $104 million, compared with US $2.4 million for GAAP and US $96 million under non-GAAP for the same period in fiscal year 2011, an increase of 264% over the same period last year.
-US $EPS0.66 under GAAP, US $0.02 for the same period in fiscal year 2011, and US $EPS0.60 under non-GAAP, an increase of 23.3% over the same period last year
GAAP and non-GAAP made an one-time gain of $26.311 million from the sale of subsidiaries.
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Why can Starbucks succeed in China?
The article on the Chinese website of the United States on February 12, the original question: why can Starbucks succeed in China? Ryan, a reporter for NBC Financial Channel, said that 14 years ago he met an entrepreneur who wanted to open a cafe in China. He believes that Chinese people will not replace their tea drinking culture with expensive drinks. But Starbucks' success in China has proved itself wrong. Starbucks execution
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Starbucks and India's Tata Group cooperate to open 50 stores a year.
On the evening of January 30, Beijing time, Starbucks, the coffee chain operator, said on Monday that it would open its first store in India in August or September this year, although it was a year behind schedule. However, through cooperation with Tata Group, India's largest industrial company, it is expected to reach an expansion plan of 50 stores by the end of this year. According to the report, the headquarters is in Seattle.
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