Starbucks Corporation reported unaudited consolidated earnings results for the first quarter ended December 28, 2014. For the quarter, the company's total net revenues were $4,803.2 million against $4,239.6 million a year ago. Operating income was $915.5 million against $813.5 million a year ago. Earnings before income taxes were $1,299.5 million against $818.8 million a year ago. Net earnings attributable to the company were $983.1 million against $540.7 million a year ago. Net earnings per common share – diluted were $1.30 against $0.71 a year ago. Non-GAAP operating income was $934.8 million against $793.3 million a year ago. Non-GAAP net earnings per share were $0.80 against $0.69 a year ago.

The company reaffirmed earnings guidance for the second quarter and full fiscal year 2015. For the second quarter, GAAP EPS is expected to be in the range of $0.63 to $0.64. Non-GAAP EPS is expected to be in the range of $0.64 to $0.65.

For the full fiscal year 2015, GAAP EPS is now expected to be in the range of $3.53 to $3.58. Non-GAAP EPS is now expected to be in the range of $3.09 to $3.13. The company expects revenue growth of 16% to 18% and global comparable store sales growth of mid-single digits. GAAP operating margin is expected to be mildly dilutive versus fiscal year 2014 due to the impact of the company's ownership change in Starbucks Japan. Non-GAAP operating margin is expected to be flat to slightly up over prior year non-GAAP operating margin. The company expects consolidated tax rate of approximately 31%.

For the full year 2015, the company targets new store openings of 1,650.