Starbucks Corporation (SBUX)

[Sergey777]

Starbucks



SEATTLE–(BUSINESS WIRE)–Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended April 1, 2012.

“Starbucks record Q2 performance demonstrates the strength of our business, the increasing power and global relevance of our brand and the success of our unique Blueprint for Profitable Growth business strategy”

Fiscal Second Quarter 2012 Highlights:

Total net revenues increased 15% to $3.2 billion
Global comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket
EPS increased 18% to $0.40 per share, compared to $0.34 per share in Q2 FY11
Channel Development revenues increased 57%, driven by sales of Starbucks- and Tazo-branded K-Cup® packs and the benefit of recognizing the full revenue from packaged coffee sales under the direct distribution model
Starbucks opened 176 net new stores globally, including its 3,000th store in the China/Asia Pacific segment, its first store in Norway and the first Evolution Fresh™ store in Bellevue, Wash.


$SBUX short target 47.86 (fibo 50%) http://bit.ly/INNf2y