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Starbucks Surges as Food Menu, Mobile App Help Propel Sales

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Starbucks Shares Perk to Record on Sales, Mobil App

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Starbucks Corp., the world’s biggest coffee-shop chain, jumped the most in three months after sales topped estimates, fueled by an expanded menu and its increasingly popular mobile-phone app.

Revenue gained 18 percent to $4.56 billion in the second quarter, the Seattle-based company reported Thursday. Analysts had estimated $4.53 billion on average, according to data compiled by Bloomberg. The company also gave an optimistic view for the rest of the year, helping send the shares up as much as much as 5.1 percent to $51.94 in New York, the biggest intraday gain since Jan. 23.