Wednesday, July 21, 2010

Starbucks Reports Record Third Quarter Earnings

SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its fiscal third quarter ended June 27, 2010, updated FY10 targets, and introduced FY11 targets.

Fiscal Third Quarter 2010 Highlights:

•Comparable store sales increased 9%, driven by a 6% increase in traffic and a 3% increase in average ticket
◦U.S. comparable store sales increased 9%, driven by a 6% increase in traffic and a 3% increase in average ticket
◦International comparable store sales increased 6%, driven by a 4% increase in traffic and a 2% increase in average ticket

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