Green Tea Fuels Starbucks Growth
Starbucks Corp., noting a solid boost in its new green tea line and food-program enhancements, reported 7% growth in August same-store sales. The coffee-retailing giant said total sales for the four weeks ended Aug. 28 rose 21% to $508 million from $418 million a year earlier. For the 47 weeks of the fiscal year to date, Starbucks' same-store sales rose 8%. Total sales increased 22% to $5.7 billion from $4.7 billion for the same period in fiscal 2004.