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Starbucks (NASDAQ:SBUX) is a roaster and retailer of specialty coffee with operations in about 60 countries around the world. The company's shares have been on an incredible run since hitting a low of about $7.83 in late 2008, appreciating almost 600 percent since. The company's shares trade on the NASDAQ with a market capitalization of $40.58B and about 743.6M shares outstanding.

The U.S. based high flyer reported its Q1-2013 operating and financial results on January 24 and once again illustrated strong performance in the markets it operates in. The company managed to post record quarterly earnings of $0.57 per share, an increase of 14 percent over Q1-2012 earnings of $0.50 per share. The earnings increase came on the back of record quarterly revenues of $3.8B, a healthy increase of 11 percent over the same period last year. The solid growth in earnings demonstrates the company's ability to identify and shut non-performing stores, while managing cost pressures through the increase of efficiency and productivity.

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The increase in revenues is particularly encouraging and speaks volumes on Starbucks' dedicated customer base and the company's ability to insert its brand into cultures outside North America. In the quarter, the company opened its first 3 stores in India, a potentially massive market for the company. Overall, the company opened 212 net new stores across the globe, or 29 stores less than the same period last year. The power of the company's brand was also visible in the U.S. as the company added 1.4M new My Starbucks Rewards members in the U.S., an increase of 86 percent over the 778K new members added in the same period last year.

Annual Revenues in Millions & Annual Revenue Growth Rates:

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Looking forward, the company's engine of growth, its Asian operations, look promising. In the quarter the company saw its China-Asia revenues increase a whopping 28 percent from $166.9M in Q1-2012 to $214.1M in Q1-2013. The company also managed to open 125 net new stores, an increase of 5 stores over the 121 opened in the same period last year. Starbucks intends to fully take advantage of the demand it sees in Asia by opening 600 net new stores in fiscal 2013, of which about 300 will be opened in China. Globally, the company plans to open a total 1,300 net new stores, which will drive revenues and earnings materially as this is an increase of 22 percent over fiscal 2012.

Lastly and as mentioned earlier, Starbucks opened its first 3 stores in India, a country that holds a significant amount of the world's population. Investors are highly encouraged to track the acceptance of the Starbucks brand by the Indian population as this market can add material earnings power to the company. Indeed this market can be as robust as the Chinese market, which today accounts for much of the company's Asian growth.

Source: Starbucks Showing Strong Growth And Performance