25 Jan 2013

Coffee chain profit up

12:37 pm on 25 January 2013

Starbucks has lifted its quarterly profit, due to higher sales in the United States.

The US based coffee chain made earnings of $US432.2 million in the three months to December, an increase of 13% compared with the same period a year earlier.

Revenue jumped 11% to $US3.8 billion.

Starbucks has experienced some strong global sales and is rapidly opening more stores in the emerging markets, as well as moving into the tea industry.