Starbucks Coffee (NASDAQ: SBUX) reported Q4 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $5.71 billion versus the consensus estimate of $5.68 billion.

• U.S. comparable store sales increase of 4% was comprised of 6% increase in average ticket and 1% decrease in traffic. After adjusting for the estimated impact of order consolidation related to the new Starbucks Rewards™ loyalty program, average ticket grew 4% and traffic grew 1%.
• Consolidated net revenues grew 16% to $5.7 billion
• Consolidated operating income increased 27% to $1.2 billion
• Consolidated operating margin expanded 180 basis points to 21.5%
• GAAP EPS increased 26% to $0.54 per share and included $0.06 related to the extra week in Q4 FY16
• Non-GAAP EPS of $0.56 included $0.06 related to the extra week in Q4 FY16. Excluding the extra week, non-GAAP EPS of $0.50 grew 16% over Q4 FY15 non-GAAP EPS
• The company opened 690 net new stores in the quarter, bringing total stores to 25,085 in 75 countries worldwide
• Mobile Order and Pay represented 6% of U.S. transactions in the quarter, up from 5% in the prior quarter

GUIDANCE:

Starbucks Coffee sees FY2017 EPS of $2.12-$2.14, versus the consensus of $2.16.

• Approximately 2,100 net new stores globally
• Mid-single digit comparable store sales growth globally
• Consolidated revenue growth in the double digits
• GAAP EPS range of $2.09 to $2.11, non-GAAP EPS range of $2.12 to $2.14

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