Starbucks Korea posted a 46.2 billion won net profit in second-quarter for a 52 percent jump from 30.3 billion last year on increased non-contact orders and new outlets.
Starbucks Korea is a 50:50 joint venture between Seattle-based coffee giant Starbucks and South Korea's biggest discount store chain operator, E-Mart, which released earnings results.
A company spokesman attributed the profit to the consumers turning to their non-contact services, such as the mobile-based ordering application called "siren" and drive-through orders, and the opening of new outlets.
Through the siren, consumers can order online and pick up their orders at the stores without waiting in line.
Operating profit in the second quarter jumped 54 percent to 61.7 billion from 40 billion in the same period last year.
Sales went up by 5.4 percent to 482.6 billion won from last year's 458 billion won.
With the first-half sales of 937.1 billion won in South Korea, Starbucks is on track to reach 2 trillion won in sales for 2020.
Starbucks Korea, which operates 1,438 stores, earned 1.87 trillion won in sales last year.


Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 



