Starbucks Corp posted net earnings of 151.5 million dollars, or 0.20 US dollars EPS, in the three months to June 28 of fiscal year 2009 on restructuring charges, largely due to store closure.
In prior year period, the company had reported 6.7 million dollar net loss or 0.01 EPS, the first quarterly losses since the company became public.

The results were supported by costs cut, closure of non-profitable stores, low tax rates and higher investment earnings, according to Edward Jones’ analyst Jack Russo.

For the fiscal year 2010, Starbucks projects its EPS to increase by 13-18%, excluding the restructuring costs, equivalent of 84 - 89 dollar EPS, the analyst said.

In third quarter, total earnings dropped to 2.4 bln dollars, from 2.6 bn dollars a year earlier.

Starbucks entered Romanian market on April 17, 2007, opening its first store in Plaza Romania in Bucharest, the coffee shop in Liberty Center being the fifth in Romania.

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