Starbucks Reports Record Second Quarter Earnings

Fiscal Second Quarter 2010 Highlights:






Consolidated net revenues increased 9% to $2.5 billion

Comparable store sales increased 7%, driven by a 3% increase in traffic and a 4% increase in average ticket

U.S. comparable store sales increased 7%, driven by a 3% increase in traffic and a 5% increase in average ticket

International comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket

Consolidated operating margin improved to 13.4%, from 1.8% in Q2 FY09; Non-GAAP operating margin increased 540 basis points to 13.7%

U.S. operating margin significantly improved to 17.7% from 4.2% in Q2 FY09; U.S. Non-GAAP operating margin increased to 17.8% from 10.4% in the prior-year period

International operating margin improved to 7.7%, from 1.4% in Q2 FY09; International Non-GAAP operating margin increased to 8.9% from 4.8% in the prior-year period

EPS increased to $0.28 compared to $0.03 in Q2 FY09; Non-GAAP EPS was $0.29, compared to $0.16 in Q2 FY09
 
Read More: