Starbucks Reports Record First Quarter Fiscal 2012 Results

SEATTLE, January 26, 2012 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2012. Results are presented under the new reporting segments, which were effective with the beginning of fiscal 2012.Fiscal First Quarter 2012 Highlights: Total net revenues increased 16% to a record $3.4 billion Global comparable store sales increased 9%, driven by a 7% increase in traffic and a 2% increase in average ticket Starbucks opened 241 net new stores globally, reaching 500 stores in both mainland China and Latin America CPG revenue increased 72%, driven by the launch of Starbucks- and Tazo-branded K-Cup® packs and the impact of the Q2 FY11 transition of packaged coffee and tea to the direct distribution model Over 100 million Starbucks- and Tazo-branded K-Cup® packs shipped in Q1 following the November 1st launch EPS increased 11% to a record $0.50 per share, compared to $0.45 per share in Q1 FY11  

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