Starbucks Reports Sharp Increase In Quarterly Profits

(Photo by Justin Sullivan/Getty Images)

By Doug Lazy on December 26, 2019

SAN FRANCISCO - JANUARY 22: A logo is seen on the glass storefront door of a Starbucks coffee shop on January 22, 2004 in San Francisco, California. The Starbucks Corporation on January 21 posted a strong growth, reporting a 41 percent increase in quarterly profit on solid holiday sales and rising use of its stored-value card. The company, based in Seattle, reported a first-quarter profit of $110.8 million, or 27 cents a share, in the quarter ended Dec. 28, up from $78.4 million, or 20 cents a share, in the year-earlier period. (Photo by Justin Sullivan/Getty Images)

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