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• Starbucks yesterday reported a third quarter profit of $151.5 million, compared to a loss of $6.7 million during the same period a year ago. Q3 sales were down 6.6 percent compared to a year ago, to $2.4 billion.

The company said that the profit was a result of reduced labor and dairy costs, and said that it has increased its savings target for this year to $550 million, from the previously estimated $520 million.

• Coca-Cola Co. said yesterday that it had Q2 earnings of $2.04 billion, up from $1.42 billion during the same period a year ago. Second quarter sales were down nine percent to $8.27 billion.

• PepsiCo said this morning that its second quarter profit was down two percent to $1.66 billion, on Q2 sales that were off three percent to $10.59 billion.
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