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00:02Starbucks raised its full-year outlook after reporting fiscal second-quarter results
00:07that exceeded expectations and marked its second straight quarter of traffic growth,
00:11according to CNBC. Adjusted earnings were 50 cents per share on $9.53 billion in revenue,
00:18topping estimates of 43 cents per share and $9.16 billion. Net income rose to $510.9 million
00:27from $384.2 million a year earlier, while net sales increased about 9%.
00:34Global same-store sales grew 6.2%, led by U.S. growth of 7.1%, driven by higher transactions.
00:42The company now expects at least 5% same-store sales growth and adjusted earnings of $2.25
00:48to $2.45 per share. CEO Brian Nicole said higher gas prices have not yet affected customer behavior,
00:56and the company's forecast remains conservative relative to its quarterly performance.
01:01Shares rose about 5% in extended trading.
01:04For all things money, visit Benzinga.com.
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