FILE - This Thursday, Sept. 6, 2012, file photo, shows a Red Lobster restaurant in Hialeah, Fla. After new ad campaigns touting the quality of its food failed to spark sales, Darden Restaurants, the parent company of Olive Garden and Red Lobster is retooling its strategy to attract diners with more promotional deals. (AP Photo/Alan Diaz, File)
News Summary: Starbucks profit rises 13 percent
Published: 12:50:48 AM, Fri 25 January 2013 UTC
A STRONG CUP: Starbucks Corp. said its profit rose 13 percent in its fiscal first quarter, as a key sales figure rose in the Americas and Asia. Profit was in line with expectations, although revenue of $3.8 billion fell just shy of estimates.
GLOBAL SALES: Global sales in cafes open at least a year rose 6 percent. The key retail metric rose 7 percent in the U.S. driven by the popularity of holiday beverages and increasing food purchases. In Asia, it rose 11 percent.
SOFT SPOT: Europe remained a weak spot, with sales at cafes open at least a year down 1 percent. The company said customer traffic increased, but the amount spent per visit declined.
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