Tuesday May 3, 2022, 19:10:10
After today’s market close, Starbucks reported adjusted fiscal Q2 (calendar Q1) EPS of $0.59. This was better than our $0.54 forecast (which we had lowered in March due to Covid-related issues in China), and matched sell-side consensus (according to Consensus Metrix) of $0.59.
Monday March 14, 2022, 12:40:49
Earlier today, Yum China (YUMC; Not Rated) provided a business update in which it said that while its same-store sales were down by about -4% over January/February, they had “decreased approximately -20% year-over-year for the first two weeks of March” and were “still trending down in recent days.”
Tuesday February 1, 2022, 18:17:37
After today’s (Tuesday’s) market close, Starbucks reported fiscal Q1 (calendar Q4) adjusted EPS of $0.72, falling short of our $0.77 forecast and sell-side consensus (according to Consensus Metrix) of $0.80. Starbucks indicates that the earnings shortfall was “impacted by greater-than-anticipated inflation, Covid-19 related pay, and staffing costs” including training and the onboarding of new partners. Management also comment that there “was a rapid change in transportation costs” which led to supply-chain delivery-related costs that “rapidly accelerated in December.” That doesn’t bode well for calendar Q1. Management says it “expects these [challenges in general] to persist in the near term.”
Wednesday September 23, 2026
Tuesday September 22, 2026
Wednesday September 16, 2026
Wednesday September 23, 2026
Tuesday September 22, 2026
Wednesday September 16, 2026