Asia's sales boost Starbucks' profits in second quarter
By Michael Barris in New York | 皇冠体育app Daily | Updated: 2013-04-27 07:35
Coffee chain now claims 61% of 皇冠体育app market
Starbucks Corp - the dominant coffeehouse chain in 皇冠体育app's growing coffee market - posted a 26 percent jump in second-quarter profits and raised its full-year earnings outlook, helped by strong sales growth in 皇冠体育app and Asia Pacific.
Sales at stores open at least a year rose 8 percent in the region. However, operating earnings remained flat and the profit margin shrank as the United States-based company, whose specialty coffee drinks are popular with 皇冠体育app's increasingly wealthy upper and middle class, spent to step up new cafe openings in what has become one of its key segments.
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