Starbucks Corp. (SBUX) Thursday reported second-quarter net income of $390 million or $0.51 per share, compared to $310 million or $0.40 per share last year.
Results for the quarter included a $0.03 per share gain on the sale of the company's equity in the joint venture that operates Starbucks stores in Mexico.
Revenues for the quarter were up 11% at $3.56 billion, compared to $3.2 billion a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.48 per share on revenues of $3.59 billion for the quarter. Analysts' estimates typically exclude special items.
The company reported comparable store sales growth of 7% in the US and 6% globally.
Operating margin expanded 180 basis points to 15.3 percent in the quarter.
Looking ahead to fiscal year 2013, the company now expects earnings of $2.12 to $2.18 per share, up from prior guidance of $2.06 to $2.15 per share. It continues to expect revenue growth of 10% - 13%.
Analysts currently expect earnings of $2.16 per share on revenues of $14.89 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.