Starbucks Reports Q2 Fiscal 2020 Results
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Starbucks Corp (SBUX) Misses Q2 EPS by 2c, Offers Guidance
April 28, 2020 4:08 PM EDTStarbucks Corp (NASDAQ: SBUX) reported Q2 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $6 billion versus the consensus estimate of $5.89 billion.
Global comparable store sales declined 10%, driven by a 13% decrease in comparable transactions, partially offset by a 4% increase in average ticketFiscal 2020 Guidance:
To protect the health and well-being of our partners and customersand in support of efforts to control the spread of the COVID-19 outbreakcurrently, we have temporarily closed approximately 50% of our company-operated... More
