Starbucks Corp. on Wednesday reported a 34-percent increase in profit for the fourth quarter, saying traffic increased in all regions around the world. Same-store sales in the U.S. climbed 8 percent, including a 5-percent increase in transactions. Executives at the Seattle-based company said the quarter capped the best year in its 42-year history. Starbucks ended the fiscal year with 19,767 locations globally, including 13,493 in the Americas.
FOURTH QUARTER 2013
NET INCOME
Result: $481.1 million, or 63 cents per share% Increase: 34% (from $359 million, or 46 cents per share)
REVENUE
Result: $3.8 billion% Increase: 13% (from $3.4 billion)
SAME-STORE SALES
% Increase systemwide: 7%
% Increase Americas: 8%
% Increase Europe/Middle East/Africa: 2%
% Increase China/Asia Pacific: 8%
Source: Company report
FULL FISCAL YEAR 2013
NET INCOME
Result: $1.7 billion, or $2.26 per share% Increase: 24% (from $1.4 billion, or $1.79 per share)
REVENUE
Result: $14.9 billion% Increase: 12% (from $13.3 billion)
SAME-STORE SALES
% Increase systemwide: 7%
% Increase Americas: 7%
% Increase Europe/Middle East/Africa: Flat
% Increase China/Asia Pacific: 9%
Source: Company report
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