Starbucks 1Q net increases 10%

Holiday sales, consumer products drive revenue

Strong holiday sales in December helped drive a 10-percent increase in first-quarter profit for Starbucks Corp., the company said Thursday.

For the quarter ended Jan. 1, net earnings totaled $382.1 million, or 50 cents per share, compared with $346.6 million, or 45 cents per share, in the same quarter the previous year.

Commodity pressures, primarily coffee, continued to negatively impact the chain, resulting in a $105 million hit to operating income in the first quar

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