Starbucks Reports Record Second Quarter Earnings
Looks like the green giant has done it again. Straight from the horses mouth.
Fiscal Second Quarter 2010 Highlights:
- Consolidated net revenues increased 9% to $2.5 billion
- Comparable store sales increased 7%, driven by a 3% increase in traffic and a 4% increase in average ticket
- U.S. comparable store sales increased 7%, driven by a 3% increase in traffic and a 5% increase in average ticket
- International comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket
- Consolidated operating margin improved to 13.4%, from 1.8% in Q2 FY09; Non-GAAP operating margin increased 540 basis points to 13.7%
- U.S. operating margin significantly improved to 17.7% from 4.2% in Q2 FY09; U.S. Non-GAAP operating margin increased to 17.8% from 10.4% in the prior-year period
- International operating margin improved to 7.7%, from 1.4% in Q2 FY09; International Non-GAAP operating margin increased to 8.9% from 4.8% in the prior-year period
- EPS increased to $0.28 compared to $0.03 in Q2 FY09; Non-GAAP EPS was $0.29, compared to $0.16 in Q2 FY09
10 Minute Break
What does it mean to wake up every morning at 4 AM. I wake up before the sun, before most people. Some people, myself in the past included, are just going to bed. I've never gotten used to such an early time. It's mostly mental, I know, but still I find it unpleasant.
Yet if I had to choose a time to work I would probably prefer this to the other option, 2 PM. Sure I get to sleep in but I feel more useful and like I am doing more at 4 AM here. I feel more apart of sbux and the store when I work the busier times.
The Oatmeal: 15 Things Worth Knowing About Coffee
http://theoatmeal.com is a pretty funny web comic.
They have one in particular titled "15 Things Worth Knowing About Coffee" which is actually pretty on point with what it says, while still managing to be pretty clever.
10 Minute Break
It is nice when your company appreciates you. As of late I'd say a lot of us don't feel really appreciated, in general. I keep hearing "Be glad you have a job!". I am, but still, when a company spends a small amount to give you a token of appreication it can mean more then any raise or bonus can. A pat on the shoulder or a "job well done" means a lot to those of us who strive to do a good job. sbuxrecognition.com shows that they might still care.
10 Minute Break
Often times at 7a.m. I find myself staring at the back camera at the customers walking in. I have to wonder "Why on earth are they up at such an unholy hour?" I've been waking up at 4a.m. to open at Starbucks for over 3 years now and yet I still find the early AM hours to be just so offensive. If only I had looked at the hours of operation sign when I first applied. Would I still have gone down this rabbit hole? I wonder what I might be doing differently now, if I didn't work for Starbucks.