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Starbucks’ fourth-quarter net income nearly doubles
By Shaun Weston
08 November 2010
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Beverage
Business
Financial
Fourth-quarter highlights
Total net revenues increased 17.2% to $2.8bn. On a 13-week basis, total net revenues increased 8.6% to $2.6bn.
Comparable store sales increased 8%, driven by a 5% increase in traffic and a 2% increase in average ticket.
US comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket.
International comparable store sales increased 7%, driven by a 4% increase in traffic and a 3% increase in average ticket.
Consolidated operating margin improved 590 basis points to 14.1%. Non-GAAP operating margin increased 390 basis points to 14.3%.
US operating margin improved 800 basis points to 17.3%. US Non-GAAP operating margin increased 530 basis points to 17.4%.
International operating margin improved 620 basis points to 13.8%. International Non-GAAP operating margin increased 600 basis points to 14.7%.
EPS increased to $0.37 in Q4 FY10 compared to $0.20 in Q4 FY09. Non-GAAP EPS increased to $0.37 in Q4 FY10 compared to $0.24 in Q4 FY09.
Source: Starbucks
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