Starbucks Corporation (SBUX) has reported a 13.51 percent rise in profit for the quarter ended Apr. 02, 2017. The company has earned $652.80 million, or $0.45 a share in the quarter, compared with $575.10 million, or $0.39 a share for the same period last year. On an adjusted basis, earnings per share were at $0.45 for the quarter compared with $0.39 in the same period last year.

Revenue during the quarter grew 6.02 percent to $5,294 million from $4,993.20 million in the previous year period. Gross margin for the quarter contracted 19 basis points over the previous year period to 59.55 percent. Total expenses were 82.33 percent of quarterly revenues, down from 82.69 percent for the same period last year. This has led to an improvement of 36 basis points in operating margin to 17.67 percent.

Operating income for the quarter was $935.40 million, compared with $864.20 million in the previous year period.

However, the adjusted operating income for the quarter stood at $949.20 million compared to $878.10 million in the prior year period. At the same time, adjusted operating margin improved 34 basis points in the quarter to 17.93 percent from 17.59 percent in the last year period.

"With our U.S. business accelerating throughout the quarter and strong performance in China, we are poised to deliver strong revenue growth in the second half and into the future," said Kevin Johnson, Starbucks president and chief executive officer. "Our success in opening over 2,000 stores around the world annually, delivering record AUV and profit, despite a very difficult period for many brick-and-mortar retailers, is a testament to the 330,000 partners who proudly wear the green apron."