Starbucks posts record global and European sales figures

24 April 2015 by
Starbucks posts record global and European sales figures

American coffee chain Starbucks has reported record sales figures for the second quarter of the financial year, including a 7% rise globally.

Net revenues for the quarter had risen by 18% to a record $4.6b (£3.05b), and sales across the EMEA region were up 2%. The company added 210 stores to its EMEA estate, bringing the worldwide total to 22,088, including 5,000 stores in China.

Chairman Howard Schultz attributed the company's continuing success to constant innovation, which he said was "the force that will continue to drive our business and enable us to expand and increase revenues and profits".

He said: "Starbucks record financial and operating performance in Q2 was driven by our people all around the world, yet woven together by one common thread - industry-leading, partner-facing and customer-facing innovation."

Chief financial officer Scott Maw said: "As we enter the second half of 2015 - and look to the future - we are ideally positioned to continue benefiting from the investments we are making in our people, in innovation and in our stores."

The news comes a year after the company reported its first ever sales slump in the UK following a row over tax avoidance.

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