Starbucks Reports Q3 Fiscal 2020 Results
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Starbucks (SBUX) Tops Q3 EPS by 13c, Offers Q4 Guidance
July 28, 2020 4:09 PM EDTStarbucks (NASDAQ: SBUX) reported Q3 EPS of ($0.46), $0.13 better than the analyst estimate of ($0.59). Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.06 billion.
Global comparable store sales declined 40%, driven by a 51% decrease in comparable transactions, partially offset by a 23% increase in average ticket
Americas comparable store sales declined 41%, driven by a 53% decrease in comparable transactions, partially offset by a 27% increase in average ticket; U.S. comparable store sales were down 40%, with comparable transactions down 52%, partially offset by a 25% increase in average ticketInternational comparable store sales were down 37%,... More