Investing.com - Starbucks (NASDAQ:SBUX) reported fiscal second-quarter earnings that beat analysts' expectations on Thursday, while its overall and comparable sales were in line with forecasts.
Starbucks shares gained 1.8% in after-hours trade following the report.
The coffee chain reported earningsof 60 cents a share, excluding items, on revenue of $6.31 billion. Analysts polled by Investing.com forecast 56 cents in earnings on revenue of $6.32 billion.
Global same-store sales rose 3%, right in line with expectations.
For the full year, Starbucks now predicts a profit of $2.75 to $2.79 per share, excluding items. That’s above the consensus estimate of $2.73 per share from S&P Capital IQ.
Same-store sales are forecast to be up 3% to 4%.
The coffee chain has been beefing up its delivery services in the United States, where the market is overcrowded with restaurants and coffee-shops, especially in urban areas.
It has also been offering healthier beverages in its U.S. cafes and introducing lunch menus, while also focusing on online ordering service through "mobile order and pay" and loyalty programs.
-- Reuters contributed to this report.