Starbucks Corporation reported unaudited consolidated earnings results for the first quarter ended December 27, 2015. For the quarter, the company's total net revenues were $5,373.5 million against $4,803.2 million a year ago. The increase was primarily driven by an 8% increase in global comparable store sales and the opening of 1,693 net new stores over the past 12 months. Operating income was $1,058.0 million against $915.5 million a year ago. The increase was primarily due to sales leverage and was partially offset by investments in partners (employees) and digital platforms. Earnings before income taxes were $1,049.6 million against $1,299.5 million a year ago. Net earnings attributable to the company were $687.6 million against $983.1 million a year ago. Net earnings per common share – diluted were $0.46 against $0.65 a year ago. Non-GAAP operating income was $1,070.3 million against $934.8 million a year ago. Non-GAAP net earnings per share were $0.46 against $0.40 a year ago.

The company reiterated its earnings guidance for the full fiscal year 2016. For the year, the company expects consolidated revenue growth of 10%, operating margin to increase slightly versus prior year, consolidated tax rate to be between 34% and 35%, GAAP EPS in the range of $1.84 to $1.86, Non-GAAP EPS in the range of $1.87 to $1.89, GAAP EPS in the range of $0.37 to $0.38, Non-GAAP EPS in the range of $0.38 to $0.39 and capital expenditures of approximately $1.4 billion.