It has demonstrated great consistency in this area, driven by larger per-ticket sales, new product offerings and increased traffic. We typically don't spend a lot of time talking about it. The company has made some strange peripheral moves that have made the stock price gyrate like a pigeon in a jet engine, but the core business has rocked. I'm not just talking about revenue and net income growth.
Any company growing by leaps and bounds can produce an impressive-looking income statement.
Both now reside in the stock market equivalent of purgatory , waiting for the day when their rotten skeletons finally collapse under their own weight. When you consider that the company has seriously ramped up its unit growth targets this year, aiming for 900 new stores this year, you might worry about overextension. They are vital to the survival of any retailing operation. They tell you whether a store can continue to produce returns after the initial novelty wears off. Starbucks comps have virtually no equal.