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Starbucks Posts Q2 Results

04/25/2019

In an April 25th release Starbucks Corp. (SBUX) reported results for the 2nd Quarter of FY 2019 ending March 31st 2019.  Net income increased from Q2 2018 by 0.5 percent to $663.1 million compared to Q2 FY 2018.  Sales attained $6.31 billion, 4.6 percent above the corresponding 2nd quarter of FY 2018. Operating margin increased from12.8 percent in Q2 FY 2018 to 13.6 percent in the most recent quarter. EPS advanced 12.7 percent to $0.53 for Q2 of FY 2019.

 

The Company reported a global increase in same-store sales of 3 percent with 4 percent in the U.S. Loyalty rewards membership increased  by 13 percent in the U.S. to 16.8 million. During the 2nd Quarter 319 new stores were opened to increase the total to 30,184. Net store growth in China increased by 17 percent.