Starbucks Corp (SBUX) Reports In-Line Q1 EPS, Guidance Unchanged Excluding Coronavirus

Starbucks Corp (NASDAQ: SBUX) reported Q1 EPS of $0.76, in-line with the analyst estimate of $0.76. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $7.11 billion.

• Q1 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 3% Comp Growth in China

Fiscal 2020 Guidance:

The company's fiscal year 2020 guidance is unchanged from what was provided in conjunction with its Q4 fiscal 2019 earnings report which excludes any impact of the coronavirus.

Currently, we have closed more than half of our stores in China and continue to monitor and modify the operating hours of all of our stores in the market in response to the outbreak of the coronavirus. This is expected to be temporary. Given the dynamic nature of these circumstances, the duration of business disruption, reduced customer traffic and related financial impact cannot be reasonably estimated at this time but are expected to materially affect our International segment and consolidated results for the second quarter and full year of fiscal 2020. The company will update its guidance for fiscal 2020 when we can reasonably estimate the impact of the coronavirus.

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

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