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Starbucks’ profit shows Americans need coffee fix

April 26, 2013 • Business


FILE – In this Wednesday, March 20, 2013, file photo, Starbucks CEO Howard Schultz speaks at the company’s annual shareholders meeting,in Seattle, Wash. Starbucks Corp. reports quarterly financial results after the market closes on Thursday, April 25, 2013. (AP Photo/Ted S. Warren)

NEW YORK (AP) — Americans may not feel optimistic about the economy but they’re still spending more at Starbucks.

The world’s biggest coffee chain said Thursday that its profit rose in its fiscal second quarter as a key sales figure climbed in the U.S., its biggest market. New drinks and food, such as its sandwiches and pre-packaged lunch boxes, helped lift sales.

A 7 percent sales bump at U.S. cafes open at least 13 months came despite the broader industry’s struggles to grow at a time when other fast-food companies say people are being more careful with money. McDonald’s and Burger King saw sales decline during the first Login to read more

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