date:Jul 28, 2012
onsumer packaged goods initiatives and continued acceleration of our China and Asia-Pacific operations, said Howard Schultz, chairman, president and chief executive officer. Despite coming in short of our expectations, I am pleased with the increasing operating leverage we are seeing, the fact that this was our 11th consecutive quarter of record results and the fact we achieved the results in the face of high legacy commodity costs and challenging economic and consumer headwinds in key markets.