
Index demonstrate that the obsession with social media isn’t a North American thing – it’s a global phenomenon.
7:09 PM
gtventic
Now, the study only looks at how often people are going on social media at Starbucks, so if people in those countries are more apt to log in at the cafe than people in the U.S., the results could be skewed. But Local Measure founder Jonathan Barouch is confident that the information is indicative of a wider social trend. “Facebook recently released stats saying that Starbucks has one of the highest check in rates of all brands, so to me it seems to suggest a cultural difference in that Asian consumers have an even higher propensity to share on social than Americans. This is particularly pronounced in food and retail.”
1:17 PM
gtventic
Starbucks wants to earn half its revenues from outside the US US coffee giant Starbucks has reported a sharp rise in profits and increased its full-year forecasts as global sales continued to grow.Net income for the three months to 3 July was $279.1m (£170.5m), up 34% on the $207.9m the company made a year earlier. Revenue was up 12% at $2.93bn.
Like-for-like sales, which strip out the impact of new stores, rose by 8%.
The results were better than analysts had expected and Starbucks' shares rose in after-hours trading.
"Starbucks record third quarter results reflect both the underlying strength and continuing momentum we have been experiencing across all of our business segments and around the world," said chief executive Howard Schultz.
"Starbucks has never been healthier."
International revenues rose by 20%, while those in the US were up 9%.
Earlier this month, Starbucks unveiled a reorganisation of its global operations as aims to raise half of its revenues from outside the US.
The company currently earns less than 25% of its revenues from non-US operations.
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