Starbucks Corp. shares declined in after-hours trading Tuesday as the coffee chain’s new chief executive stuck with his predecessor’s annual forecast despite reporting an earnings beat.
Starbucks SBUX reported second-quarter results that beat expectations, helped by a surprise same-store sales gain in China, continued solid demand in the U.S. and higher prices. Net income rose to $908.3 million, or 79 cents a share, from $674.5 million, or 58 cents a share, in the same quarter last year. Adjusted for restructuring costs and…
