Starbucks Corp. on Tuesday reported second-quarter results that beat expectations, helped by a surprise same-store sales gain in China, continued solid demand in the U.S. and higher prices.
The coffee chain reported fiscal second-quarter net income of $908.3 million, or 79 cents a share, compared with $674.5 million, or 58 cents a share, in the same quarter last year. Adjusted for restructuring costs and the impact of income taxes, the chain earned 74 cents a share, compared with 59 cents in the prior-year quarter.
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Starbucks earnings beat as China reverses same-store sales declinesStarbucks reported earnings after the bell. Here are the results.
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