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Starbucks reports record third-quarter earnings
By Shaun Weston
22 July 2010
Categories
Beverage
Business
Financial
Highlights
Comparable store sales increased 9%, driven by a 6% increase in traffic and a 3% increase in average ticket.
US 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.
Consolidated operating margin improved 400 basis points to 12.5% from 8.5% in Q3 FY09. Non-GAAP operating margin increased 270 basis points to 13.3%.
US operating margin significantly improved to 15.6% from 10.8% in Q3 FY09. US Non-GAAP operating margin increased to 16.5% from 13.0% in the prior-year period.
International operating margin improved to 10.3% from 7.2% in Q3 FY09. International Non-GAAP operating margin increased to 10.9% from 8.1% in the prior-year period.
EPS increased to $0.27 compared to $0.20 in Q3 FY09. Non-GAAP EPS was $0.29 compared to $0.24 in Q3 FY09.
Starbucks Via Ready Brew reached 37,000 points of distribution in North America, the UK and Japan.
Source: Starbucks
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