Starbucks Reports Record Q3 Fiscal 2021 Results
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Go back to Starbucks Reports Record Q3 Fiscal 2021 Results
July 28, 2021 6:47 AM EDT
Cowen analyst Andrew Charles raised the price target on Starbucks (NASDAQ: SBUX) to $135.00 (from $126.00) while maintaining an Outperform rating.
The analyst commented, "We fervently argue the better than expected 3Q U.S. comps (+0.86 correlation with pre-COVID-19 FY1 P/E multiple) and EPS... More
July 28, 2021 6:22 AM EDT
Guggenheim analyst Gregory Francfort raised the price target on Starbucks (NASDAQ: SBUX) to $126.00 (from $125.00) while maintaining a Neutral rating.
The analyst commented, "Starbucks reported a solid 3Q print with $1.01 of EPS beating our $0.80 estimate. While U.S. comps of +84% were solid,... More
July 27, 2021 4:07 PM EDT
Starbucks (NASDAQ: SBUX) reported Q3 EPS of $1.01, $0.24 better than the analyst estimate of $0.77. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.24 billion.
Q3 Comparable Store Sales Up 73% Globally; U.S. Up 83% with 10% Two-Year Growth
GUIDANCE:
Starbucks sees FY2021 EPS of $3.20-$3.25, versus the consensus of $2.99. Starbucks sees FY2021 revenue of $29.1-29.3 billion, versus the consensus of $28.79... More
