Starbucks Corp (SBUX) Tops Q3 EPS by 1c
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EPS Growth %: +9.5%
Financial Fact:
Operating income: 1.23B
Today's EPS Names:
ESCA, LICT, NKSH, More
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Starbucks Corp (NASDAQ: SBUX) reported Q3 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.14 billion.
Q3 Fiscal 2014 Highlights:
- Consolidated net revenue growth accelerated to 11%; net revenues totaled a Q3 record $4.2 billion
- Global comparable store sales increased 6%, marking the 18th consecutive quarter of global comp growth of 5% or greater
- Americas comp sales increased 6%; U.S. comp sales increased 7%
- EMEA comp sales increased 3%
- China/Asia Pacific comp sales increased 7%
- Consolidated operating income increased 25%, to a Q3 record $769 million
- Consolidated operating margin expanded 200 bps, to a Q3 record 18.5%, primarily driven by sales leverage
- Channel Development revenues increased 13%; operating margin expanded 800 bps to 37.1%
- Earnings per share increased 22% to a Q3 record $0.67 per share
- The Company opened 344 net new stores globally, ending the quarter with 20,863 stores across 64 countries
Q4 EPS now in the range of $0.76 to $0.78; or $0.73 to $0.75 when excluding a $0.03 estimated net benefit as described in the above referenced reconciliation (The Street consensus is at $0.74).
Earnings per share now expected to be in the range of $2.70 to $2.72; or $2.65 to $2.67 when excluding an estimated net benefit of $0.05 for certain FY14 non-GAAP adjustments. Consensus expectations are at $2.67.
Fiscal 2015 Targets Earnings per share growth of 15%-20% over FY14 calculated based on Non-GAAP earnings per share
For earnings history and earnings-related data on Starbucks Corp (SBUX) click here.
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