Starbucks Corp. (SBUX:NASDAQ)

Tassimo Corporation and Starbucks Corp. introduced two new single-serve coffeehouse-style beverages-Starbucks® Latte Primo and Starbucks® Cappuccino Primo for TASSIMO. The brands worked closely together to ensure that each beverage would provide an exceptional coffee experience. Each Starbucks® Latte Primo and Starbucks® Cappuccino Primo for TASSIMO beverage is designed to bring out optimal flavor and provide the perfect combination of high-quality Starbucks® coffee and milk creamer. The TASSIMO machine, manufactured and perfected by Bosch, reads each encoded disc and adjusts the temperature, brewing time and amount of water to guarantee a great latte or cappuccino each and every time.

Starbucks Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended September 27, 2009. For the quarter, the company's net earnings were $150.0 million or $0.20 per diluted share compared to $5.4 million or $0.01 per diluted share a year ago. Total net revenues were $2,422.2 million compared with $2,515.5 million a year ago. Operating income was $199.4 million compared with $14.2 million a year ago. Earnings before income taxes were $208.7 million compared with loss before income taxes of $1.2 million a year ago. Non-GAAP operating income was $252.6 million compared with $119.3 million a year ago. Non-GAAP net income was $184.1 million or $0.24 per diluted share compared to $71.0 million or $0.10 per diluted share a year ago. For the year, the company's net earnings were $390.8 million or $0.52 per diluted share compared to $315.5 million or $0.43 per diluted share a year ago. Total net revenues were $9,774.6 million compared with $10,383.0 million a year ago. Operating income was $562.0 million compared with $503.9 million a year ago. Earnings before income taxes were $559.2 million compared with loss before income taxes of $459.5 million a year ago. Net cash provided by operating activities was $1,389.0 million compared with $1,258.7 million a year ago. The company reported additions to property, plant and equipment of $445.6 million compared with $984.5 million a year ago. Non-GAAP operating income was $894.4 million compared with $843.3 million a year ago. Non-GAAP net income was $598.2 million or $0.80 per diluted share compared to $525.8 million or $0.71 per diluted share a year ago. The company provided earnings guidance for the fiscal year 2010. The company now expects non-GAAP EPS growth in the range of 15% to 20% from fiscal year 2009 non-GAAP EPS of $0.80, excluding $0.02 to $0.03 of expected restructuring charges, and including approximately $0.02 to $0.03 of additional EPS from the extra week in the fiscal fourth quarter, as fiscal 2010 is a 53-week year for the company. Capital expenditures are expected to be in the range of $500 million to $550 million. The company expects cash flow from operations to be approximately $1.4 billion, and free cash flow of approximately $900 million.

Starbucks Corp. is planning to open its first store in Sweden early in 2010, at Stockholm-Arlanda Airport with Scandinavian Service Partner as its business associate. Starbucks and SSP Group Limited (SSP) have entered into a partnership in June 2008. Together, they have opened stores across the UK, Spain, France and Germany. Starbucks has opened a new store at Utrecht Centraal Station in the Netherlands of late, with another business partner Servex, which also manages the Starbucks store in Amsterdam Centraal Station. Apart from Starbucks, SSP also manages international locations of Burger King, Pizza Hut, Upper Crust as well as various other fast-food companies.