Starbucks' (SBUX) Q1 is Rock Solid
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Price: $87.84 -1.03%
Revenue Growth %: +5.5%
Financial Fact:
Net earnings attributable to Starbucks: 800.9M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: +5.5%
Financial Fact:
Net earnings attributable to Starbucks: 800.9M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Starbucks (NASDAQ: SBUX) investors were treated to an eye-opening glimpse into the coffee giant's business this afternoon when the company reported Q1 results. Top and bottom line performance came in pretty much as expected, while comps exceeded estimates driven by robust holiday business in the U.S. The report was especially impressive considering "significant and unexpected cost pressures" experienced in the quarter.
Starbucks reported sales of $3.8 billion, a hair light of estimates that called for total sales of $3.84 billion. This was an 11 percent increase compared to 2011. Operating margin ticked higher by 40 bps, driving 14 percent EPS growth to 57 cents.
Total comps grew 6 percent compared to estimates of 5.5 percent, with impressive performance in the U.S and Asia (7% & 11%).
Starbucks reaffirmed FY guidance and told investors it sold 150,000 units of its new Verismo machines, which while nothing to write home about, appears "solid" - a word that pretty much summarizes Starbucks' Q1.
Shares of Starbucks traded at $56.25 after-hours, up 3 percent.
Starbucks reported sales of $3.8 billion, a hair light of estimates that called for total sales of $3.84 billion. This was an 11 percent increase compared to 2011. Operating margin ticked higher by 40 bps, driving 14 percent EPS growth to 57 cents.
Total comps grew 6 percent compared to estimates of 5.5 percent, with impressive performance in the U.S and Asia (7% & 11%).
Starbucks reaffirmed FY guidance and told investors it sold 150,000 units of its new Verismo machines, which while nothing to write home about, appears "solid" - a word that pretty much summarizes Starbucks' Q1.
Shares of Starbucks traded at $56.25 after-hours, up 3 percent.
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