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Starbucks Corporation (NASDAQ: SBUX) today reported 1Q10 results that saw consolidated net revenues up 4% to $2.7 billion, comparable store sales up 4%, and earnings per share of $0.32 versus $0.09 during the same period a year ago.
"Continued innovation, the successful enhancement of the customer experience and a transformed, more-efficient cost structure have brought Starbucks to a significant milestone---a return to profitable growth,"
Howard Schultz, Starbuck's Chairman, President and CEO, acknowledged how fortunate his company's results are in our current economic climate. " . . .while we are encouraged by our recent progress, we are aware of the profound economic uncertainty that exists in the world," said Schultz. "We recognize we must continue to improve, continue to innovate and continue to maintain our laser focus on serving customers and strengthening our connection to them."
