Starbucks reports net revenues increase for 2012

Starbucks Corporation has reported financial results for its 13-week fiscal third quarter ended 1 July 2012.

Highlights

• Total net revenues increased 13% to $3.3bn.
• US comparable store sales increased 7%. Global comparable store sales increased 6%.
• Channel development revenues increased 45% to $316m.
• Operating income increased 22% to $492m. Operating margin expanded 120 basis points to 14.9%.
• EPS increased 19% to $0.43 per share, compared to $0.36 per share in Q3 FY11.
• Starbucks opened 231 net new stores globally, including its 600th store in mainland China, and its first stores in Finland and Costa Rica.

Source: Starbucks

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