Breakfast Perks Up Starbucks

by Lauren Sherman
Forbes

Mirroring developments at McDonald's (nyse: MCD - news - people ) last year, expect Starbucks to profit from expanding international operations and a growing breakfast business.

John Ivankoe, an analyst at JPMorgan Chase, predicted the coffee specialist would see earnings rise 20% for the financial year that runs through September. He noted that 2,400 Starbucks (nasdaq: SBUX - news - people ) sites would add breakfast sandwiches to their menus, joining 1,000 that already offer them.

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