Starbucks FQ1: Comp sales below estimates but margins impress

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX) reports same-store sales rose 5.0% during FQ1 in the Americas to fall short the consensus estimate calling for a 6.25% gain, but fall within the company's guidance range for mid single-digit growth.

Global comparable-store sales rose 5.0% during the quarter vs. 5.7% consensus. Traffic was up 4%, while ticket prices rose 1% across all geographic segments.

Operating margin rose 260 bps Q/Q to 19.2%, compared to Starbucks' 2014 guidance for a range of 19.1% to 19.6%.

The company opened 417 net new stores during the quarter to reach a total store count of 20,184.

SBUX -1.4% AH