Starbucks Reports Q3 Fiscal 2019 Results

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Go back to Starbucks Reports Q3 Fiscal 2019 Results

Starbucks Corp (SBUX) Trades at High, Up 6.7%

July 26, 2019 9:47 AM EDT

Starbucks Corp (NASDAQ: SBUX) Trades at High, Up 6.7%

... More

Starbucks (SBUX) PT Raised to $93 at Cowen

July 26, 2019 6:32 AM EDT

Cowen analyst Andrew Charles raised the price target on Starbucks (NASDAQ: SBUX) to $93.00 (from $77.00) while maintaining a Market Perform rating following results.

The analyst commented, "We were pleased with 3Q's top and bottom-line beat, though our 2020-21E top-line and EPS do not... More

UPDATE: Starbucks Corp (SBUX) Tops Q3 EPS by 6c, Revenues Beat, Global Comp. Sales Up 6%; Raises FY19 EPS Guidance Above Consensus

July 25, 2019 4:07 PM EDT

(Updated - July 25, 2019 4:09 PM EDT)

Starbucks Corp (NASDAQ: SBUX) reported Q3 EPS of $0.78, $0.06 better than the analyst estimate of $0.72. Revenue for the quarter came in at $6.82 billion versus the consensus estimate of $6.67 billion.

Q3 Comparable Store Sales Up 6% Globally, Led by 7% Comp Growth in the U.S. and 6% Comp Growth in ChinaGlobal Net Store Growth of 7% Versus Prior Year, Led by 16% Net Store Growth in ChinaGAAP EPS of $1.12; Non-GAAP EPS of $0.78, Up 26% Year-Over-YearActive Starbucks® Rewards Membership in the U.S. Increases 14% Year-Over-Year to 17.2 Million

Starbucks delivered... More