The company’s results were helped by a 6 percent increase in global sales at cafes open at least a year.
The performance reflects the turnaround Starbucks has made since its struggles during the recession. After bringing back its founder, Howard Schultz, as chief executive in 2008, the company embarked on a reorganization that included closing underperforming stores in the United States.
Mr. Schultz has said that the company has the ability to keep growing even through a turbulent economy because most people see Starbucks as an “affordable luxury.”
Starbucks said it earned $432.2 million, or 57 cents a share, in the quarter, up from $382.1 million, or 50 cents a share, a year earlier. Revenue in the period ending Dec. 30, the first quarter of Starbucks’s fiscal year, rose 11 percent, to $3.8 billion. Analysts had expected a profit of 57 cents a share and revenue of $3.85 billion, according to FactSet.
Shares rose 11 cents on Thursday, to $54.57 a share.
Starbucks Earnings Increased 13% in Latest Quarter
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Starbucks Earnings Increased 13% in Latest Quarter
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Starbucks Earnings Increased 13% in Latest Quarter
