Starbucks says margins in

Starbucks margin per customers

Strong comp store sales increases of 6% globally and 7% in the U.S. drive record Q3 revenues of $4.2 billion

Channel Development revenues increase 13%

Consolidated operating margin expands to a Q3 record 18.5%

Company reiterates strong growth outlook; introduces initial FY15 growth targets

SEATTLE; July 24, 2014 – Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended June 29, 2014.

Q3 Fiscal 2014 Highlights:

• Consolidated net revenue growth accelerated to 11%; net revenues totaled a Q3 record $4.2 billion

• Global comparable store sales increased 6%, marking the 18th consecutive quarter of global comp growth of 5% or greater

Americas comp sales increased 6%; U.S. comp sales increased 7%

EMEA comp sales increased 3%

China/Asia Pacific comp sales increased 7%

• Consolidated operating income increased 25%, to a Q3 record $769 million

• Consolidated operating margin expanded 200 bps, to a Q3 record 18.5%, primarily driven by sales leverage

• Channel Development revenues increased 13%; operating margin expanded 800 bps to 37.1%

• Earnings per share increased 22% to a Q3 record $0.67 per share

• The company opened 344 net new stores globally, ending the quarter with 20, 863 stores across 64 countries

Updated Fiscal 2014 Targets:

Following the strong performance year-to-date, the company is updating the following fiscal 2014 targets:

• Consolidated operating margin improvement now targeted at 200 bps over FY13, when excluding the Kraft litigation charge in fiscal 2013

Channel Development now targeting approximately 600 bps improvement over FY13

• Earnings per share now expected to be in the range of $2.70 to $2.72; or $2.65 to $2.67 when excluding an estimated net benefit of $0.05 for certain FY14 non-GAAP adjustments. Please refer to the GAAP to non-GAAP reconciliation at the end of this release:

Q4 EPS now in the range of $0.76 to $0.78; or $0.73 to $0.75 when excluding a $0.03 estimated net benefit as described in the above referenced reconciliation

• Net new stores now expected to be approximately 1, 550

Americas: increased from 600 to 650

Fiscal 2015 Targets:

The company introduces initial fiscal 2015 targets as follows:

• Revenue growth of 10% or greater

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Popular Q&A

avatar
What is the formula for profit margin?

Selling Price=Cost Price/((100-margin%)/100)
e.g
Cost = £100
Profit Margin needed is 40%
Sell price=100/0.60
Sell Price = £166.67
So you make £66.67 when you sell it at £166.67 so the profit margin is
66.67/166.67 = 40%

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