LOS ANGELES - Starbucks Corp
Via, which takes aim at established brands such Nestle SA's
The product, which debuted six months ago in the United States and Canada, helped fuel higher fiscal first-quarter sales at U.S. Starbucks restaurants open at least 13 months.
While Via did help the company post its first quarterly rise in U.S. same-store sales in two years, executives said it would be "profit neutral for fiscal 2010" due to aggressive marketing spending to support its global launch.
Instant coffee is far more popular in markets outside the United States and investors will be watching to see whether Via can steal market share from established products in the United Kingdom and Japan.