Starbucks Q1 FY10 Comparable Store Sales Grow 4 Percent EPS of $0.32 vs. $0.09 in Q1 FY09 Company Raises Outlook

SEATTLE, Jan 20, 2010 (BUSINESS WIRE) -- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its fiscal first quarter ended December 27, 2009 and updated FY10 targets.

Fiscal First Quarter 2010 Highlights:

- Consolidated net revenues increased 4% to $2.7 billion
- Comparable store sales increased 4% driven by 1% increase in traffic and a 4% increase in average ticket
- Consolidated operating margin improved 850 basis points to 13.0%; Non-GAAP operating margin expanded 620 basis points to 13.6%
- U.S. operating margin significantly improved to 17.3% from 5.8% in Q1 FY09; U.S. Non-GAAP operating margin increased to 17.7% from 8.6% in the prior-year period
- International operating margin expanded to 7.4% from 2.6% in Q1 FY09; International Non- - GAAP operating margin increased to 9.1% from 3.0% in the prior-year period
- EPS increased to $0.32 compared to $0.09 in Q1 FY09; Non-GAAP EPS was $0.33 compared to $0.15 in Q1 FY09

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