Starbucks global profit perks up 6%
Starbucks has said its profit rose in its fiscal first quarter as customers stepped up spending at its cafes in the United States and Asia, but its revenue fell short of expectations.
The figure is a key metric because it strips out the impact of newly opened and closed locations. In Europe, the figure fell 1%.
For the period October to December, Starbucks earned 432.2 million US dollars (£272.8 million) compared with 382.1 million US dollars (£241.2 million) in the same period a year ago.
Revenue rose 11% to 3.8 billion US dollars (£2.4 billion).