Starbucks Corporation reported unaudited consolidated earnings results for the first quarter ended January 1, 2012. For the quarter, the company's total net revenues were $3,435.9 million compared with $2,950.8 million a year ago. The increase was primarily due to a 9% increase in global comparable stores sales, and 72% growth in the CPG segment. Operating income was $556.0 million compared with $501.9 million a year ago. Earnings before income taxes were $570.6 million compared with $508.4 million a year ago. Net earnings attributable to the company was $382.1 million or $0.50 per diluted share compared with $346.6 million or $0.45 per diluted share a year ago. For the fiscal year 2012, the company continues to target approximately 10% revenue growth, driven by mid-single-digit comparable store sales growth, 800 net new store openings, and strong growth in the CPG business. The company has raised its expectation for earnings per share to a range of $1.78 to $1.82, representing 17% to 20% growth over the $1.52 EPS in the fiscal year 2011, excluding the non-routine gains. EPS growth is expected to be approximately 10% in the first half of fiscal 2012 and approximately 25% in the second half of fiscal 2012, reflecting the expected distribution of unfavorable commodity cost impact throughout the year. The company's board of directors declared a cash dividend of $0.17 per share, payable on February 24, 2012, to shareholders of record as of February 8, 2012.