9:36 ET -- Starbucks is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The coffee retailer reported healthy gains in sales, with its profit jumping 35% in its second quarter, thanks to higher prices and more-efficient operations. Revenue rose 14% to $8.72 billion, with earnings per share of 79 cents. Same-store sales rose 11% globally, and by 12% in the U.S. and North America overall. Meanwhile, Chief Executive Laxman Narasimhan reaffirmed the company's guidance for its fiscal year but said the business environment remains challenging. Dow Jones & Co. owns Factiva. (susan.solan@wsj.com)

(END) Dow Jones Newswires

May 03, 2023 09:51 ET (13:51 GMT)

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