Starbucks brews up 18 percent profit jump
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 02:29 p.m., Thursday, April 26, 2012
NEW YORK (AP) — Starbucks Corp. perked up its net income by 18 percent in its fiscal second quarter, as more customers visited its cafes in most parts of the world. The company expects the increase to be driven by a mix of increased revenue at cafes, new store openings and gains in the packaged goods that it sells in supermarkets and other retailers. Alstead said the company is taking similar measures in those markets as it did at home, such as introducing loyalty programs and improving service to boost sales. [...] contributing to the company's strong quarterly performance was its expanding mix of consumer products, such as its ice cream and Tazo-branded K-Cup portion packs.