Starbucks' 1Q profit soars as sales rise

SEATTLE Starbucks Corp. gave credit to brisk holiday business and the launch of its new instant coffee as it reported first-quarter profit that nearly quadrupled from a year ago and posted its first same-store sales increase in two years.

For the quarter ended Dec. 27, the Seattle-based coffeehouse giant reported Wednesday a same-store sales increase of 4 percent globally, driven by a 1-percent increase in traffic and a 4-percent increase in average check.

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