Starbucks Corp. (SBUX.O: Quote, Profile, Research) on Wednesday reported a 27 percent rise in quarterly earnings, helped by strong sales of new products like its Chantico chocolate drink, and raised its profit forecast for the year.
The companys shares, which have been hard-hit this year by investor concerns that the chains growth could be slowing, rose 2.7 percent in after-hours trade following the announcement.
Starbucks also gave a more optimistic forecast for comparable-store sales growth, a key indicator of retail performance.
Net income for the fiscal second quarter ended April 3 rose to





