Starbucks delivers record Q1 revenues and EPS
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Consolidated net revenues grew 12% over Q1 FY15, to a record $5.4 billion.
China/Asia Pacific comp store sales increased 5%, driven by a 4% increase in traffic. EMEA comp store sales increased 1%, driven by a 1% increase in traffic.
Consolidated net revenues grew 12% over Q1 FY15, to a record $5.4 billion. Consolidated GAAP operating income increased 16% over Q1 FY15, to a record $1.1 billion. Non-GAAP operating income increased 15% over Q1 FY15 non-GAAP, to a record $1.1 billion
Consolidated GAAP operating margin increased 60 basis points over Q1 FY15, to a Q1 record 19.7%. Non-GAAP operating margin expanded 40 basis points over Q1 FY15 non-GAAP, to a Q1 record 19.9%
GAAP EPS of $0.46 versus Q1 FY15 GAAP EPS of $0.65. Non-GAAP EPS increased 15% over Q1 FY15 non-GAAP, to a record $0.46
“Starbucks record Q1 2016 financial and operating results, highlighted by comp sales increases of 9% in the U.S., 8% globally, another 4% increase in global traffic - and record performance from our Channel Development segment - underscore the accelerating strength and relevance of the Starbucks brand around the world,†said Howard Schultz, Starbucks chairman and CEO. ■