The net revenues of Starbucks rose by 4% to $2.7 billion. The store sales grew 4% which was driven by an increase in traffic and average ticket price.
Compared to the company FY09 first quarter EPS of $0.09, the FY10 first quarter increased to $0.32.
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Starbucks is now targeting mid-single digit revenue growth for its fiscal 2010 financial target. The company increased their outlook following positive comparable same store sales growth, a 53rd fiscal week, and about 300 planned net new stores.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world.
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