Starbucks (SBUX) Misses Q2 EPS by 12c

Starbucks (NASDAQ: SBUX) reported Q2 EPS of $0.68, $0.12 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $8.6 billion versus the consensus estimate of $9.13 billion.

• Global comparable store sales declined 4%, driven by a 6% decline in comparable transactions, partially offset by a 2% increase in average ticket
• North America and U.S. comparable store sales declined 3%, driven by a 7% decline in comparable transactions, partially offset by a 4% increase in average ticket
• International comparable store sales declined 6%, driven by a 3% decline in both comparable transactions and average ticket; China comparable store sales declined 11%, driven by an 8% decline in average ticket and a 4% decline in comparable transactions

For earnings history and earnings-related data on Starbucks (SBUX) click here.

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