Starbucks’ second quarter 2011 earn

Starbucks’ second quarter 2011 earnings reached $261.6 million, or 34 cents per share. That was an increase of 20.4 percent over the $217.3 million, 28 cents per share, reported a year ago. Starbucks’ revenue rose 10.3 percent, to $2.79 billion, on a 7percent increase in same - store sales. Starbucks says it expects full - year fiscal 2011 earnings – per – share in a range of $1.46 to $1.48. In that second quarter, Starbucks booked comparable same – store sales – or sales at stores open at least one year, a closely watched metric in the restaurant industry – with growth of 7 percent, driven by a 6 percent increase in traffic and a 1 percent increase in average ticket.