CHICAGO (AP) — Starbucks Corp. says its second-quarter profit ballooned more than eight-fold as its revenue climbed 9 percent.
The coffee company says its better-than-expected results were boosted by stronger U.S. sales and robust international business.
For the three months that ended in late March, Starbucks earned $217.3 million, or 28 cents per share. Its revenue was $2.53 billion.
During the same period last year, the Seattle company earned $25 million, or 3 cents per share. Those results were weighed down by charges.
This was the fourth quarter in a row when Starbucks’ profit rose, after faltering for more than a year.
