Starbucks stock jumps on earnings beat

[tacobell fan]

EARNINGS: Starbucks Q1 EPS $0.79 Adj. vs. $0.76 Est.; Q1 Revs. $7.10B vs. $7.11B Est

[tacobell fan]

• Starbucks introduced the Irish Cream Cold Brew in December as its latest holiday drink.
• The coffee chain will likely face questions surrounding its business in China as more cases of the Wuhan coronavirus are confirmed and Luckin Coffee now has more Chinese locations.
• A week ago, Starbucks shared its long-term sustainability goal of becoming “resource positive.”

[tacobell fan]

Starbucks on Tuesday reported quarterly earnings that beat analysts’ expectations.

Shares of the company rose 1% in extended trading.

 

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

• Earnings per share: 79 cents, adjusted, vs. 76 cents expected
• Revenue: $7.1 billion vs. $7.1 billion expected
• Global same-store sales: 5% vs. 4.4% expected

Excluding items, the global coffee chain earned 79 cents per share, topping the 76 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 7% to $7.1 billion, meeting expectations. U.S. same-store sales increased by 6%, boosted by more customers visiting its cafes.

Sales at Chinese locations open at least a year increased by 3% as Starbucks faces greater competition. Chinese rival Luckin Coffee, which recently surpassed Starbucks as the largest coffee chain in China, has been putting pressure on business in Starbucks’ second-largest market.

Starbucks also reaffirmed its fiscal 2020 forecast. Starbucks expects to add 2,000 net new locations worldwide. It is forecasting its fiscal 2020 revenue to rise between 6% and 8% and global same-store sales growth in a range of 3% to 4%.

[ILOVEGIRLS]

1 minute ago, tacobell fan said:

EARNINGS: Starbucks Q1 EPS $0.79 Adj. vs. $0.76 Est.; Q1 Revs. $7.10B vs. $7.11B Est

Em perigindhi akade vundhi ga

[tacobell fan]

Just now, ILOVEGIRLS said:

Em perigindhi akade vundhi ga

1%

[ILOVEGIRLS]

2 minutes ago, tacobell fan said:

1%

88 Dollars lo 1% ante .80 Cents periginda lol !! 

[tacobell fan]

1 minute ago, ILOVEGIRLS said:

88 Dollars lo 1% ante .80 Cents periginda lol !! 

1 stock unnodiki lol, adhe 1M stock unnodiki?