Starbucks Delivers Record Q1 Revenue, EPS

SEATTLE--(BUSINESS WIRE)--Jan. 22, 2015-- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 28, 2014. Q1 FY14 GAAP results include the impact of a litigation credit related to the Kraft arbitration; Q1 FY15 GAAP results include Starbucks Japan acquisition-related items. Non-GAAP results exclude these items. 

Q1 Fiscal 2015 Highlights:

• Consolidated net revenues increased 13% to $4.8 billion
• Global comparable store sales increased 5%, with a 2% increase in traffic: Americas comp sales increased 5%, with a 2% increase in traffic
• Consolidated operating income reached a record $915.5 million
• Consolidated operating margin of 19.1%
• GAAP earnings per share of $1.30
• Comparable store customer transactions increased by nearly 9 million in the U.S., nearly 12 million globally, year-over-year
• The company opened 512 net new stores in Q1, including its first Starbucks Reserve® Roastery and Tasting Room
• Dollars loaded on Starbucks Cards surged to a record $1.6 billion in the quarter, up 17% over prior year Q1
• 1 in 7 Americans received a Starbucks Gift Card in Q1, up from 1 in 8 in Q1 of fiscal 2014

Full report.