Starbucks said strong holiday sales contributed to a 25-percent increase in net income for the first quarter ended Dec. 29. The Seattle-based coffeehouse chain recorded increases in guest traffic across the globe that ranged from 3 percent in Europe, the Middle East and Africa (EMEA) to 7 percent in the China/Asia Pacific region. Traffic rose 4 percent in the U.S. During the quarter, Starbucks netted 417 new locations, bringing the global count to 20,184.
NET INCOME
Result: $540.7 million, or 71 cents per share% Increase: 25% (from $432.2 million, or 57 cents per share)
REVENUE
Result: $4.2 billion% Increase: 12% (from $3.8 billion)
SAME-STORE SALES
% Increase systemwide: 5%
% Increase in the Americas region: 5%
% Increase in the EMEA region: 5%
% Increase in the China/Asia Pacific region: 8%
Source: Company report
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