Starbucks Reports Record Fourth Quarter and Record Fiscal Year 2015 Results
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Starbucks (SBUX) PT Raised to $68 at RBC Capital
October 30, 2015 8:29 AM EDTRBC Capital analyst David Palmer reiterated an Outperform rating and boosted its price target on Starbucks (NASDAQ: SBUX) to $68.00 (from $64.00) based on our view that long-term sustainability of growth is increasing with investments in sales momentum.
Palmer comments, "Rarity of growth is becoming more striking, but so is the valuation: As we enter calendar 4Q, there have been many retail and restaurant chains with choppy recent... More
Starbucks (SBUX) PT Raised to $72 at Piper Jaffray Amid Strong Q4
October 30, 2015 7:15 AM EDTPiper Jaffray analyst Nicole Miller Regan reiterated an Overweight rating and boosted her price target on Starbucks (NASDAQ: SBUX) to $72.00 (from $63.00).
Regan commented, "On the heels of another record-setting Starbucks performance, we reiterate SBUX shares as a top pick for the year.... More
Starbucks Coffee (SBUX) Reports In-Line Q4 EPS, Guides FY16 EPS In-Line
October 29, 2015 4:04 PM EDTStarbucks Coffee (NASDAQ: SBUX) reported Q4 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $4.91 billion versus the consensus estimate of $4.9 billion.
Global comparable store sales increased 7%, driven by a 3% increase in trafficAmericas comp sales increased 7%, driven by a 3% increase in trafficChina/Asia Pacific comp sales increased 9%, driven by an 8% increase in trafficEMEA comp sales increased 4%, driven by a 2% increase in trafficConsolidated net revenues up 17% over FY14, to a record $19.2... More