Starbucks reported its financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 27, 2015.
Global comparable store sales grew 8% for the company, driven by a 4% increase in traffic. In the Americas comp sales increased 8%, while in the China/Asia Pacific region comp sales grew 6%. EMEA comp sales increased 5%.
Consolidated net revenues for the period went up 18% over Q4 FY14, to $4.9 billion.
For the fiscal year, Starbucks reported global comparable store sales growth of 7%, driven by a 3% increase in traffic. Comp sales for the Americas increased 7%, in China/Asia Pacific up 9%, and in EMEA also up 4%.
Consolidated net revenues soared 17% over FY14, to a record $19.2 billion.
“Starbucks record Q4 financial results, highlighted by stunning comp store sales increases of 8% globally, 9% in the U.S. driven by a 4% increase in global traffic, demonstrate the strength and relevance of the Starbucks brand around the world,” said Howard Schultz, Starbucks chairman and ceo. “Our results underscore the success of the investments we continue to make in our people and business, in new beverage and food innovation and in groundbreaking technology innovation that is deepening our connection to customers everywhere."
“Starbucks performance in Q4 reflected a continuation of the pattern of accelerating momentum we saw with each successive quarter of fiscal 2015,” said Scott Maw, Starbucks cfo. “Our Q4 results are particularly gratifying in that they were achieved despite the increase, and acceleration, of the significant partner and digital investments we are making to drive sustained, profitable growth around the world and into the future."
Do you know more about this story? Contact us anonymously through this link.