Starbucks Corp. (NASDAQ: SBUX) reported fiscal 2013 first quarter results after markets closed today. For the quarter, the coffee roaster and restaurant company posted diluted earnings per share (EPS) of $0.57 on revenues of $3.8 billion. In the same period a year ago, the company reported EPS of $0.50 on revenues of $3.44 billion. First-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.57 EPS and $3.84 billion in revenues.
Same-store sales rose 7% in the Americas and 11% in Asia/Pacific and the company opened 212 new stores (net) in the first quarter.
The company’s CEO said:
Solid growth in our U.S. retail business, further expansion of our Channel Development initiatives and continued successful execution against our expansion plans throughout China and Asia Pacific all contributed to the record results we announced today. Starbucks has never been better positioned to achieve the goals we have…
View original post 152 more words