Starbucks Inc. (SBUX) has brought forth its first quarter results of the current fiscal year 2014, which was a tempting treat for all its investors. The company reported a consolidated net revenue of $4.2 billion, a steady increase by 12%. On an individual share basis, the earnings per share stood at $0.71 per share and this had increased by 25%. It set afloat 417 net stores globally – that totaled the store count to 20,184 – including the 4,000th store in CAP and the 2,000th store in EMEA.
The steady and substantial Q1 results demonstrated the fundamental strength of its business, particularly noteworthy given the fact that it saw continued economic challenges worldwide. Starbucks sustained furthermore to explore unique ways to connect with its prospective as well as existing customers. The first Starbucks store on-board a train, launched in November 2013 in partnership with Swiss Federal Railways (SBB) in Switzerland, is one such example. Another grand launch took place at Monaco in partnership with Tar.Ca during early December of 2013 to offer its aromatic coffee. Both received an overwhelming response from the local people.
Starbucks now operates in a total of 63 countries, earmarking its overall presence on the global forum. The company opened its second Teavana Fine Teas & Tea Bar in early December, bringing the elevated Tea Bar experience to Seattle’s University Village following the October opening of the first of this concept in New York City. Continue Reading..