Starbucks delivers record Q1 revenue of $915.5 million
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Consolidated operating income of $915.5 million in Q1 2015 increased 13% from $813.5 million in Q1 2014.
Consolidated operating income of $915.5 million in Q1 2015 increased 13% from $813.5 million in Q1 2014. Consolidated operating margin of 19.1% declined 10 basis points versus Q1 2014.
The decline is due to the impact of company's ownership change in Starbucks Japan, which drove 80 basis points of margin decline. The remaining margin expansion of 70 basis points was primarily due to sales leverage, partially offset by the absence in the current quarter of a prior year litigation credit related to the FY13 conclusion of the Kraft arbitration.
Q1 2014 GAAP results include the impact of a litigation credit related to the Kraft arbitration; Q1 2015 GAAP results include Starbucks Japan acquisition-related items. ■