Starbucks raises outlook after strong 2Q

Starbucks raises outlook after strong 2Q

The company reported a 26-percent increase in net income for the quarter

Starbucks Corp. reported on Thursday a 26-percent increase in net income for its second quarter, raising its outlook for the year.

For the quarter ended March 31, the Seattle-based coffeehouse giant reported net income of $390.4 million, or 51 cents per share, compared with $309.9 million, or 40 cents per share, a year ago.

Revenues grew 11 percent to $3.6 billion on global same-store sales that increased 6 percent, driven by a 4-percent increase in traffic and a 2-pe

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