CEO Howard Schultz
Starbucks Corp. has continued to report healthy sales gains, even as others in the fast-food sectore have struggled. Its strategies have included price hikes, getting people to sign up for its loyalty program and the rollout of an array of new items, including breakfast sandwiches, salads and bottled juices.
A drink called the Oprah Chai will be sold at Starbucks cafes starting April 29. The drink will also be available at the small chain of Teavana tea shops Starbucks recently bought.
Howard Schultz says Starbucks has a long-term target of doubling its market cap to $100 billion.
Starbucks says its quarterly profit rose by 25 percent as it benefited from lower coffee costs and stronger sales around the world.