Tea sales in the U.S. grew to $15.7B last year to mark an impressive 32% five-year gain as the beverage gains hold as a healthier alternative to coffee. The developments isn't a major concern for Starbucks (SBUX +1.3%) with its Teavana and Tazo brands well-positioned to take advantage of the trend. Some analysts even think tea will overtake coffee in the U.S. by 2017.
Tea sales in the U.S. grew to $15.7B last year to mark an impressive 32% five-year gain as the...
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Symbol | Last Price | % Chg |
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SBUX | - | - |
Starbucks Corporation |