Winter weather didn't hurt Starbucks' profit

While much of the fast-food industry complains about how hard restaurants were hit by the lousy winter weather, Starbucks - which posted record quarterly results on Thursday - is lovin' it. The world's biggest coffee chain said that sales at stores open a year or more rose a record 6% globally for its fiscal second quarter and 6% in the U.S, too. The company said it earned $427 million, or 56 cents a share, in the quarter.



But even in lousy weather, Starbucks seemed to remain something of a beacon for folks looking for a place to warm up - and drink up. Earlier in the quarter, the company announced a revamp of its Teavana tea business. That included an unusual partnership with Oprah Winfrey - who even got a tea named after her. Also, last month Starbucks and Keurig Green Mountain updated their multiyear agreement under which Starbucks now will expand its range of K Cup offerings for the single-serve machines.

http://archive.pnj.com/usatoday/article/8109723