Starbucks hits record 18% jump in revenues
The coffee chain reported revenues reaching US$4.6 billion for its 13-week fiscal second quarter.
The company also saw a 7% rise in global comparable store sales, as well as opening 210 new stores worldwide, including its 5,000th store in China/Asia Pacific. Globally, there are a total of 22,088 stores operational.
“Starbucks record financial and operating performance in Q2 was driven by our people all around the world yet woven together by one common thread - industry leading partner (employee) facing and customer facing innovation,” Howard Schultz, Starbucks chairman and CEO, said.
“Innovation is the force that will continue to drive our business and enable us to expand and increase revenues and profits - always through the lens of humanity - long into the future."
Earnings per share jumped 18% in the second quarter to a split-adjusted record of US $0.33 per share.
“Starbucks Q2 represented another quarter of strong revenue growth and record operating and financial performance all around the world, and despite significant foreign exchange headwinds,” Scott Maw, Starbucks CFO, said.
“As we enter the second half of 2015 - and look to the future - we are ideally positioned to continue benefiting from the investments we are making in our people, in innovation and in our stores - and to continue delivering world class returns to our shareholders.”
