The Traderszone Network

Published in TZ Latest News 22 January, 2015 by The TZ Newswire Staff

Starbucks Americas traffic ticks up in holiday quarter, new COO named

The world’s biggest coffee chain also announced that director Kevin Johnson would become Starbucks president and chief operating officer, effective March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Starbucks shares jumped $3.36, or 4.1 percent, to $86.10 in extended trade. Sales at Starbucks cafes open at least 13 months were up 5 percent for the U.S.-dominated Americas region in the first quarter that ended Dec. 28. Starbucks’ Americas region contributes the majority of company revenue.