Tuesday January 28, 2025, 18:56:54
By Mark Kalinowski
After today’s (Tuesday’s) market close, Starbucks reported fiscal Q1 2025 (calendar Q4 2024) EPS of $0.69, coming ahead of our $0.65 forecast and sell-side consensus (according to Consensus Metrix) of $0.65. Starbucks notes that its fiscal Q1 EPS reflect(s) heightened investments as part of [its] ‘Back to Starbucks’ strategy.” Perhaps the better-than-consensus EPS in this context suggests that Street expectations for how the remainder of fiscal 2025 will play out are within the realm of being realistic.
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Monday December 16, 2024, 07:00:00
By Mark Kalinowski
Some investors remain hopeful regarding the prospects for Starbucks’ shares, in the wake of the company’s hiring of highly-regarded Brian Niccol as its latest CEO. And, we continue to believe that Mr. Niccol has put forth a credible plan for improving Starbucks meaningfully over the long term. Indeed, investors in SBUX may be willing to grant Mr. Niccol quite a bit of time to fix what ails the company, even if short-term results stumble.
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Wednesday October 30, 2024, 18:29:32
By Mark Kalinowski
After Wednesday’s market close, Starbucks provided its full fiscal Q4 earnings release. Fiscal Q4 adjusted EPS of $0.80 was pre-announced eight days ago, as was a U.S. same-store sales decline of -6%, and a China same-store sales decrease of -14%:
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