Starbucks reports record first quarter 2011

Highlights

Total net revenues increased 8% to a record $3.0bn.
Comparable store sales increased 7%, driven by a 5% increase in traffic and a 2% increase in average ticket.
US comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket.
International comparable store sales increased 5%, driven by a 2% increase in both traffic and average ticket.
Consolidated operating margin improved to a record 17.0%: up 400 basis points on a GAAP basis and up 340 basis points over the prior-year period’s non-GAAP results.
US operating margin improved to a record 21.9%: up 450 basis points on a GAAP basis and up 410 basis points over the prior-year period’s non-GAAP results.
International operating margin improved to a record 16.3%: up 900 basis points on a GAAP basis and up 720 basis points over the prior-year period’s non-GAAP results.
EPS increased 41% to a record $0.45 in Q1 FY11 compared to $0.32 in Q1 FY10.
The board of directors declared a $0.13 per share cash dividend to shareholders of record as of 9 February 2011, which will be paid on 25 February 2011.

Source: Starbucks