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Starbucks reports net revenues increase for 2012
By Shaun Weston
27 July 2012
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Beverage
Business
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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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