Starbucks jolts outlook higher

Investor's Business Daily

The world's largest coffee chain said adjusted Q4 EPS climbed 24% to 46 cents, 1 cent over views. Starbucks' (SBUX) revenue rose 11% to $3.36 bil, just under views. But same-store sales grew 6%, topping. It increased fiscal '13 EPS guidance to $2.06-$2.15 vs. views for $2.13. Shares rose 7.3% to 50 in after-hours trade. Green Mountain Coffee Roasters shares, meanwhile, popped 9% to 26.34 on news of a deal with Costco Wholesale (COST) to make Kirkland Signature branded K-Cup coffee pods.

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