Company announces strategic actions to optimize store portfolio
July 28, 2017
Starbucks Corp., Seattle, reported financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended July 2. Fiscal 2017 and fiscal 2016 GAAP results include items which are excluded from non-GAAP results.
Stone Brewing, Escondido, Calif., announced its first quarter results for fiscal 2017, reporting 18 percent growth versus the prior year. The company’s performance is outpacing both the year-to-date grocery craft category growth rate of 4.4 percent and the category’s 52-week growth rate of 6.4 percent, based on Chicago-based Information Resources Inc. (IRI) data, it says.
Dr Pepper Snapple Group Inc. (DPS), Plano, Texas, reported third quarter net sales of $1.68 billion, a 3 percent increase on favorable product and package mix, a 1 percent increase in sales volumes and higher pricing. Net sales growth was reduced in the quarter by 1 percentage-point of unfavorable foreign currency translation.