Starbucks Corp is expanding into the fast-growing energy drink category and plans to add manufacturing jobs in the United States, the world’s biggest coffee chain said at its annual shareholder meeting in Seattle on Wednesday.
Starbucks returned to profit growth in 2010 after a two-year restructuring that involved slashing costs and closing nearly 1,000 cafes around the world.
The 40-year-old company, which has seen shares rise more than 50 percent in the past year, plans to keep growing sales and profit by introducing new products and being one step ahead of rivals like Dunkin’ Donuts Group Inc and McDonald’s Corp.
Full story: Starbucks adding energy drinks, factory jobs