SEATTLE In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
For the quarter ended March 28, Starbucks reported net income of $217.3 million, or 28 cents per share, compared with $25 million, or 3 cents per share for the year-ago quarter. Latest quarter revenue grew 9 percent to $2.5 billion for the 16,664-unit global coffeehouse chain.In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
Same-store sale jumped 7 percent at the company's U.S. stores, reflecting a 3-percent increase in traffic and a 5-percent increase in ticket averages. The company has 11,121 stores in the United States, 6,736 of which are company-owned. International same-store sales also increased 7 percent, which is based on a 6-percent jump in traffic and a 1-percent increase in average ticket.In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
The latest results mark the second consecutive quarter of positive same-store sales for the coffeehouse giant. In the first quarter, Starbucks said global same-store sales rose 4 percent, which was the company's first positive result in two years. (EARLIER: Starbucks' 1Q profit soars as sales rise)In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
Howard Schultz, Starbucks’ chairman, president and chief executive, credited efforts over the past two years to cut costs, overhaul the chain’s food offerings and tweak pricing for the improved results. In addition, the company announced plans this year to sell its secondary brand Seattle’s Best Coffee in Burger King restaurants and broaden the availability of the new VIA instant coffee, which launched in the United Kingdom in March and this month in Japan.In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
“Starbucks’ second quarter results demonstrate the impact of innovation and the success of our efforts to dramatically transform our business over the last two years,” Schultz said. “Much credit goes to our partners all around the world who continue to deliver an improved experience to our customers. In addition, new products like Starbucks’ VIA, the opening of exciting new stores in Asia, Europe and the U.S., and expanded distribution outside our retail stores all represent opportunities for future growth as we fulfill our pledge to bring the highest quality coffee to our customers.”In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
The company booked $7.9 million in restructuring charges in the second quarter, compared with $152.1 million in the year-ago period. The charges relate to lease exit and other costs associated with the closure of several hundred company-operated stores, most of which were shuttered in fiscal 2009. Nearly all of the remaining store closures are international locations, the company said, and that process will be completed this year.In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
This year, Starbucks is expecting to open 100 net new stores in the U.S. and about 200 net new stores internationally, though both primarily licensed locations.In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
Starbucks raised its outlook for the full year, saying it now expects per-share earnings of $1.19 to $1.22, up from earlier estimates of $1.05 to $1.08 per share. The upgraded outlook excludes about 3 cents a share for expected restructuring charges and about 4 cents for the extra week in the fiscal fourth quarter.In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
Contact Lisa Jennings at [email protected].In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.
In a continuation of a turnaround that began earlier this year, Starbucks Corp. reported increased sales for the second quarter and upgraded its forecast for the year.