Starbucks sees 5% LFL sales growth in Q4 with UK at forefront

first_imgCoffee giant Starbucks has reported a 5% rise in global like-for-like sales with a “particularly strong performance in the UK” in Q4. The figures represent the company’s 19th consecutive quarter growth of 5% or more. Food was said to be the major reason for success in the UK with the strategy of ‘up-levelling’ breakfast a success.A 5% rise was also seen in the MIddle East, Africa (EMEA) and Europe.Howard Schultz, chairman, president and chief executive of Starbucks Coffee Company, said: “Starbucks performance in fiscal 2014 was extraordinary by any metric or comparison, but we cannot be content with the status quo, as consumers continue to demand more and more in terms of convenience and excellence.”You will see us continue to invest where it counts most, in mobile commerce, innovation, in the customer experience and the partners who drive it and in the quality of our coffees.”Scott Maw, chief finance officer, said: “Starbucks Q4 results capped off a year of exceptional performance across our business and around the world. In Q4, each of our segments delivered strong and balanced revenue and profit growth, consistent with the prior three quarters of fiscal 2014.”The increasing global strength of the Starbucks brand, a robust pipeline of innovation, strong global comparable store sales growth and impressive margin expansion in conjunction with a company-wide emphasis on operational excellence and expense management give me great confidence in achieving our 2015 growth targets.”last_img read more

Frank Zappa’s ‘Roxy – The Movie’ Announces First Screenings

first_imgLast September, the Zappa Family Trust announced the release of the film “Roxy – The Movie”, which documents the legendary composer’s epic 3-night stand at Hollywood’s The Roxy. These Frank Zappa and The Mothers Of Invention concerts, which took place from December 8th – 10th, 1973, were filmed, but had been locked in the vault for over 40 years. Finally, fans will have the opportunity to relive shows that featured Zappa backed by an incredible cast of musicians that included George Duke, Napoleon Murphy Brock, Ruth Underwood and Chester Thompson.  The screenings are as follows:– Alamo Drafthouse in Littleton, Colorado on March 23rd which will be followed by a live Skype Q&A with Alex Winter, who is currently working on a fully authorized documentary about Zappa, with proceeds going towards the documentary and preservation of the private archives in the vault. Check his Kickstarter campaign out HERE.– Alamo Drafthouse Ritz in Austin, Texas on March 24 – Alamo Drafthouse Cinema in Winchester, Virginia on April 2 – Alamo Drafthouse Cinema in Yonkers, New York on April 5 – The Prince Charles Cinema in London on April 5 – Alamo Drafthouse Cinema in Ashburn, Virginia on April 6.  Details with regards all of the screenings can be found HERE. Catch the trailer below:[via Jambase]last_img read more