Starbucks Corp reported a profit that topped analysts' view and boosted its 2010 profit forecast as a healing U.S. economy brewed up an increase in customer visits and sales.
Shares of the company rose about 1 percent on the news.
Starbucks' net income jumped to $217.3 million, or 28 cents per share, for the fiscal second quarter, from the year-ago quarter's profit of $25 million, or 3 cents a share.
Excluding restructuring charges, Starbucks earned 29 cents a share in the latest quarter, topping analysts' call for a profit of nearly 25 cents per share, according to Thomson Reuters I/B/E/S.
Total net revenue rose almost 9 percent to $2.53 billion during the quarter ended March 28. Sales at U.S. restaurants open at least 13 months jumped 7 percent, driven by a 3 percent increase in customer visits, or traffic, and a 5 percent rise in spending per visit.
The Seattle-based chain, which slashed costs and shuttered more than 900 outlets in a broad-based restructuring, raised its fiscal 2010 earnings forecast to a range of $1.19 to $1.22 per share, from $1.05 to $1.08 per share previously.
Shares of Starbucks, which closed at $25.39 on the Nasdaq, rose to $25.67 in extended trade.
(Reporting by Lisa Baertlein; Editing by Bernard Orr)