More on Starbucks' (SBUX) FQ1: The company reports comparable store sales were up 6%, with...
Thursday, January 24, 4:22 PM ETMore on Starbucks' (SBUX) FQ1: The company reports comparable store sales were up 6%, with traffic gaining 4% and ticket prices rising 2%. By region, China/Asia Pacific showed the strongest growth rate at 11%. More than 150K Verismo machines have been sold since the product launch. Operating margin up 30 bps to 16.6% due to what the company calls "increased sales leverage." Previous FY13 growth targets are affirmed. On buybacks, Starbucks says it still as 29M shares on its repurchase plan after burning through 8M shares in FQ1. SBUX -1.8% AH. (PR)
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