Starbucks Korea's Q2 net up 52% due to non-contact services, new outlets
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.