Starbucks Corp. reported a 9-percent increase in net income for the second quarter, driven by systemwide same-store sales growth of 6 percent. For the March 30-ended quarter, the Seattle-based company said same-store sales in Europe rose 6 percent for the quarter, in line with the 6-percent increase seen in the Americas and the 7-percent increase seen in the China/Asia Pacific region.
The company opened 335 net new units globally, including the 20,000th Starbucks unit, for a total of 20,519 across all brands. The company operates the Starbucks, Teavana, Tazo Tea, Evolution Fresh, La Boulange and Seattle’s Best Coffee brands.
2Q NET INCOME
Result: $427 million, or 56 cents per share% Increase: 9% (from $390.4 million, or 51 cents per share)
2Q REVENUE
Result: $3.9 billion% Increase: 9% (from $3.6 billion)
2Q SAME-STORE SALES
% Increase systemwide: 6%
% Increase in the Americas: 6%
% Increase in Europe, the Middle East and Africa: 6%
% Increase in China/Asia Pacific: 7%
Source: Company report
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