Starbucks reported strong Q2 results, beating Wall St. expectations with an EPS of 60 cents.
div > div.group > p:first-child"> Shares of the company rose 2% in extended trading.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: The coffee chain reported fiscal second-quarter net income of $663.2 million, or 53 cents per share, TKTKTK from $660.1 million, or 47 cents per share, a year earlier. Excluding items, Starbucks earned 60 cents per share, topping the 56 cents per share expected by analysts surveyed by Refinitiv.
Net sales rose 5% to $6.31 billion, missing expectations of $6.32 billion. The company reported same-store sales growth of 3%.
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