Starbucks Delivers On Earnings, But Spills $SBUX

Starbucks just reported their fiscal Q1..

Few highlights from their report…

• Global store sales increased 8% with store sales in America up 9% and China/Asia up 5%
• Opened 528 net new stores globally. This includes 281 stores in China/Asia Pacific.
• Company served over 23 million more customer occasions from its global comp store base – 18 million in the U.S in Q1 over the prior year.
• Company employees vowed to do a better job and spelling customer’s names correctly.
• Earnings of $0.46 vs $0.45 est.

Starbucks $SBUX was down as low as 5% after hours. Fun stuff.

For the full report click here.

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