Starbucks’ Global Sales up 7 Percent

Seattle-based Starbucks Corp. reports total net revenues grew 15 percent and global comparable store sales increased 7 percent during the fiscal second quarter 2012. The company attributes strong global comp sales to a 6 percent increase in traffic and a 1 percent increase in average ticket.

During the quarter, Starbucks opened 176 net new stores globally, including its 3000th store in the China/Asia Pacific segment, its first location in Norway and its first Evolution Fresh juice format in Bellevue, Wash.

“Starbucks record Q2 performance demonstrates the strength of our business, the increasing power and global relevance of our brand and the success of our unique Blueprint for Profitable Growth business strategy,” says Howard Schultz, chairman, president and ceo.

The company says it will accelerate new store growth in fiscal 2012 to approximately 1000 net new stores globally.

Starbucks will be part of the 2012 IRDC. For more information, visit www.irdconline.com