Starbucks Corp. is raising its profit outlook for 2019 after better-than-expected results in its most recent quarter.
The Seattle-based coffee company said it earned $663.2 million, or 53 cents per share, in its fiscal second quarter, up slightly from January-March 2018.
Excluding one-time items, such as the sale of its Tazo tea brand, Starbucks earned 60 cents per share. That beat Wall Street’s estimate of 56 cents, according to a survey of 13 analysts by Zacks Investment Research.
