BBC:

Starbucks is continuing to prove that it has successfully turned its fortunes around as it sees its latest quarterly profits more than triple.

The US coffee chain giant made a net profit of $241.5m (£148m) in the three months to the end of December, compared with $64.3m a year earlier.

Buoyed by extensive cost-cutting work over the past year, the firm has also won back customers in its home market.

I'm really surprised about this. I had convinced myself that there was nothing left for Starbucks but a long and slow decline—a decline that would see the receding 90s as the company's moment in the sun