Starbucks (SBUX) Tops Q4 EPS by 20c, Offers FY21 Guidance
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Starbucks (SBUX) PT Raised to $93 at BMO Capital
October 30, 2020 7:19 AM EDTBMO Capital analyst Andrew Strelzik raised the price target on Starbucks (NASDAQ: SBUX) to $93.00 (from $75.00) while maintaining a Market Perform rating following the company's 4Q earnings report. EPS of $0.51 exceeded consensus by $0.20 reflecting stronger comps/ margins.
SBUX provided FY21 guidance largely in... More
Starbucks sees hotter-than-expected earnings for 2021
October 29, 2020 4:08 PM EDTBy Nivedita Balu and Hilary Russ
(Reuters) - Starbucks Corp (NASDAQ: SBUX) forecast 2021 earnings largely above estimates on Thursday, helped by strong online orders and a recovery in demand following the initial hit from the COVID-19 pandemic.
The coffee chain was forced to close many stores and limit operations to takeout and delivery at the height of the COVID-19 pandemic, but sales have since improved as consumers used the company's app to order and collect at... More
