Starbucks (SBUX) Blames Disappointing December Results on Gingerbread Lattes
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Starbucks Coffee (SBUX): Long Term Story Remains Intact - BofA
January 26, 2018 6:34 AM ESTBofA/Merrill Lynch analyst, Gregory Francfort, reiterated his Buy rating on shares of Starbucks (NASDAQ: SBUX) after the company reported a disappointing F1Q (Jan.) with same store sales missing in all regions including Americas up 2%, CAP up 1% (including China up 6%) and EMEA down 1%.... More
Starbucks disappoints after holiday drink sales lose steam
January 25, 2018 4:18 PM ESTBy Lisa Baertlein
(Reuters) - Starbucks Corp (NASDAQ: SBUX) on Thursday warned that 2018 global cafe sales growth would be at the low end of its forecast, after holiday drinks fell flat with U.S. customers during what is traditionally a blockbuster quarter.
Shares of the world's largest coffee chain slid 4.6 percent following the announcement to $57.75, after closing at $60.55 in regular trade.
Company executives reiterated that Starbucks, which sometimes locates stores across the street from each other, was not losing business to cannibalization or rising competition from both high-end and low-priced coffee sellers.... 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