The coffee purveyor said that May's same-store sales rose 11% from the same time frame last year, while revenues increased a healthy 27% to $404 million. Same-store sales were the same when compared to last month's, with a slight decrease in revenue gains, which last month rose 29%.
Starbucks continues to exceed its conservative guidance for how much same-store sales can continue to grow. However, one has to wonder how certain initiatives are going to work. Last quarter, the company announced its introduction of some non-coffee, summer-friendly iced drinks, in an obvious bid to lure people who don't drink coffee, as well as provide a kid-friendly beverage.
On the competitive front, some people wonder if there's trouble brewing. On our Starbucks discussion board, people have been kicking around rival forces' chances, including Wal-Mart's
For now, we've got a view of a month where the early hours of summer haven't daunted the Starbucks set. Though the specter of rising costs for dairy products -- and any possible price hikes -- still lingers, the numbers show Starbucks keeps a firm grip on many people's coffee breaks.
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Alyce Lomax does not own shares of any of the companies mentioned. And no, she doesn't want her latte iced.