Thursday September 19, 2024, 07:00:00

SBUX: Adjusting Our Estimates (9/19/2024)

By Mark Kalinowski

U.S. restaurant industry same-store sales remain on track in 2024 to have their weakest year since 2016 (excluding pandemic-hit 2020). Be on the lookout for our updated Kalinowski Restaurant Industry Index, which aggregates the same-store sales for the industry based on each components’ full-year 2023 domestic systemwide sales. Unfortunately for the industry, it looks as if the Q3 2023 index number will be similar to the weak results of Q1 2023 and Q2 2023.

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Tuesday July 30, 2024, 19:31:54

SBUX (Post-Call): Reiterates Fiscal 2024 EPS Growth Target Range Despite Challenges

By Mark Kalinowski

After today’s (Tuesday’s) market close, Starbucks reported fiscal Q3 (calendar Q2) adjusted EPS of $0.93, a little short of our $0.94 forecast and sell-side consensus (according to Consensus Metrix) of $0.94.

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Tuesday April 30, 2024, 20:43:36

SBUX (Post-Call): Venti-Sized Challenges

By Mark Kalinowski

After today’s (Tuesday’s) market close, Starbucks reported fiscal Q2 (calendar Q1) EPS of $0.68, falling well short of our $0.79 forecast and sell-side consensus (according to Consensus Metrix) of $0.80.

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