Starbucks Reports Record Q1 Fiscal 2018 Results
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Starbucks (SBUX) Blames Disappointing December Results on Gingerbread Lattes
January 26, 2018 11:34 AM ESTStarbucks (NASDAQ: SBUX) stock needed a double shot of espresso Friday, as shares slumped following disappointing December quarter results and guidance. With shares down 5 percent, investors may have reached for a double shot of something slightly stronger.
Concerns centered on decelerating sales, with comps increasing just 2 percent compared to the consensus of 3 percent. The low comp stoked worries about 2018 performance, though Starbucks said its still sees 3 to 5 percent comparable store... More
Goldman Sachs Removes Starbucks (SBUX) from Conviction Buy List, Keeps 'Buy' (Earlier)
January 26, 2018 10:44 AM ESTGoldman Sachs downgraded Starbucks (NASDAQ: SBUX) from Conviction Buy to Buy with a price target of $68.00 (from $73.00).
Analyst Karen Holthouse said the quarter "only contributes to a narrative of inconsistency..." That said, the analyst said the quarter provides the best opportunity... More
Piper Jaffray Remains Bullish on Starbucks Coffee (SBUX) Following 1Q Release
January 26, 2018 7:07 AM ESTPiper Jaffray reiterated an Overweight rating and $70.00 price target on Starbucks Coffee (NASDAQ: SBUX) following the company's 1Q earnings report. Results included operating earnings of $0.65 per share (vs. consensus at $0.57) driven in part by total revenues of $6.0 billion (vs. consensus at ~$6.19 billion).
The... More
Starbucks Coffee (SBUX) Tops Q1 EPS by 1c, Comps Up 2%; Raises Outlook
January 25, 2018 4:08 PM ESTStarbucks Coffee (NASDAQ: SBUX) reported Q1 EPS of $0.58, $0.01 better than the analyst estimate of $0.57, ex-tax benefit. Revenue for the quarter came in at $6.07 billion versus the consensus estimate of $6.18 billion.
Global comparable store sales increased 2%, driven by a 2% increase in average ticketAmericas and U.S. comp store sales increased 2%, driven by a 2% increase in average ticketCAP comp store sales increased 1%, driven by a 1% increase in transactionsChina comp store sales increased... More