Starbucks looks to protein drinks and other new products to turn around lagging US sales next year
By DEE-ANN DURBIN, Associated Press
Starbucks said Tuesday it’s confident that new products coming next year — including a cold foam protein drink, coconut water-based beverages and improved baked goods — will help turn around the company’s lagging U.S. sales.
In the meantime, slow U.S. demand continues to be a drag on the company’s results.
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Starbucks reported that its revenue rose 4% to $9.5 billion in its fiscal third quarter. That was better than the $9.3 billion Wall Street expected, according to analysts polled by FactSet.