SBUX: Starbucks Posts Record Quarterly Results Despite Cold Weather

SBUX stock has been gaining in after-hours trading

   

SBUX: Starbucks Posts Record Quarterly Results Despite Cold Weather

Starbucks (SBUX) posted its quarterly earnings report and the company’s sales reached a new high last quarter.

Starbucks185 SBUX: Starbucks Posts Record Quarterly Results Despite Cold WeatherThe coffee giant’s fiscal second-quarter report showed that sales rose a record 6% globally and 6% in the U.S. as well. In a quarter that saw many companies suffer a decline in sales due to the cold weather, Starbucks thrived.

“Starbucks’ record operating performance in Q2 demonstrates that our focus on building a different kind of company continues to drive profits and shareholder value,” said CEO Howard Schultz.

The company earned $427 million — or 56 cents a share — last quarter.

SBUX is up close to 1% Thursday. Starbucks stock has been gaining in after-hours trading.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/sbux-starbucks-stock-2/.

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