Monday June 5, 2023, 07:00:00
SBUX: Some Starbucks Tidbits (6/5/2023)
Some various tidbits for you regarding Starbucks:
Tuesday May 2, 2023, 19:55:46
SBUX (Post-Call): Company Cautions on Fiscal Q3 Margins and EPS Growth
After today’s (Tuesday’s) market close, Starbucks reported fiscal second quarter (calendar first quarter) adjusted EPS of $0.74. This exceeded our $0.64 forecast and sell-side consensus (according to Consensus Metrix) of $0.65. Management attributes the EPS beat largely to a better-than-expected recovery in China.
Thursday February 2, 2023, 20:32:45
SBUX (Post-Call): U.S. Vigorous, But China Could Use a Cuppa
After today’s (Thursday’s) market close, Starbucks reported adjusted fiscal Q1 2023 (calendar Q4 2022) EPS of $0.75, falling short of our $0.78 forecast and sell-side consensus (according to Consensus Metrix) of $0.77. Starbucks notes that China headwinds “materially impacted” the quarter’s financial results, with China same-store sales down by -29%, which management noted on today’s conference call was about four times worse than the company expected. The China challenges caused International same-store sales to fall by -13%, despite +11% growth ex-China.