Thursday November 2, 2023, 10:05:13
Earlier today (Thursday), Starbucks reported fiscal Q4 adjusted EPS of $1.06, surpassing our $0.98 forecast and sell-side consensus (according to Consensus Metrix) of $0.97.
Tuesday August 1, 2023, 21:18:38
After today’s (Tuesday’s) market close, Starbucks reported fiscal third quarter (calendar second quarter) adjusted EPS of $1.00. This was above our $0.96 forecast and sell-side consensus (according to Consensus Metrix) of $0.95.
Wednesday June 21, 2023, 07:00:00
At a competitor conference earlier this month, Starbucks CFO Rachel Ruggeri commented that “The point that I also want to make, though, that sometimes gets lost in a lot of this recovery is that China, in terms of a comp weighted on international, is typically about 70%. And because of the mobility restrictions last year, our revenue for China last year was about 46% of international’s total company operated revenue last year, which is a proxy for what comp weighting would be this year. So, that means the [fiscal] Q3 comp this year is closer to a weighting of about 46%, where previously and historically it’s 60% to 70%. So, that’s something that’s unique about the quarters, we think about the lap. That isn’t a comment on any subsequent quarters or any quarters in the future, that’s really relative to [fiscal] Q3.”
Thursday October 10, 2024
Thursday October 10, 2024