SEATTLE, November 04, 2010 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its fiscal fourth quarter and fiscal year ended October 3, 2010, periods that included 14 weeks and 53 weeks, respectively, as fiscal 2010 contained an extra week. The company also updated its FY11 targets.

Fiscal Fourth Quarter 2010 Highlights:

Total net revenues increased 17.2% to $2.8 billion; on a 13-week basis, total net revenues increased 8.6% to $2.6 billion
Comparable store sales increased 8%, driven by a 5% increase in traffic and a 2% increase in average ticket
U.S. comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket
International comparable store sales increased 7%, driven by a 4% increase in traffic and a 3% increase in average ticket
Consolidated operating margin improved 590 basis points to 14.1%; Non-GAAP operating margin increased 390 basis points to 14.3%
U.S. operating margin improved 800 basis points to 17.3%; U.S. Non-GAAP operating margin increased 530 basis points to 17.4%
International operating margin improved 620 basis points to 13.8%; International Non-GAAP operating margin increased 600 basis points to 14.7%
EPS increased to $0.37 in Q4 FY10 compared to $0.20 in Q4 FY09; Non-GAAP EPS increased to $0.37 in Q4 FY10 compared to $0.24 in Q4 FY09

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