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Last Updated: Thursday, 1 February 2007, 06:24 GMT
New stores lift Starbucks profits
Starbucks coffee shop
Starbucks opened 728 new stores worldwide during the quarter
Starbucks saw its profits climb 18% in the last three months of 2006, boosted by opening more than eight new stores per day around the world.

The world's largest coffee chain made a net profit of $205m (104m) during the period, its fiscal first quarter, up from $174m a year earlier.

Starbucks' net revenue for the quarter was $2.35bn, a 24% increase on the $1.9bn the year before.

Sales at stores open for a year or more rose 6% during the three months.

The results met market expectations.

Starbucks said it opened a record 728 new outlets during the quarter.


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