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Starbucks (NASDAQ: SBUX) is trading slightly higher in AH after a mixed FQ2 report.
Comparable global store sales increased 3% in the quarter, compared with a consensus estimate of + 3.1%. Average ticket prices increased 3% during the quarter, while transaction growth was stable.
Global comparable sales by region: Americas + 4%, China / Asia-Pacific, + 2%, EMEA + 2%.
The number of Starbucks Rewards active members in the United States increased by 13% to 16.8 million euros during the quarter.
The company's consolidated operating margin fell 40 basis points to 15.8%. Operating margin in the Americas increased 80 basis points to 20.9%.
SBUX opened 319 new net stores in FQ2 to bring its store count to 30,184 at the end of the quarter, up 7% from a year ago.
Starbucks expects EPS of $ 2.75 to $ 2.79 for the 2007 fiscal year, against a consensus of $ 2.73. Global growth in same-store sales is expected to be between 3% and 4%.
Previously: Starbucks beats $ 0.03 (April 25)
SBUX + 1.52% AH at $ 78.24 (highest historical level)
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