Tuesday February 1, 2022, 18:17:37
By Mark Kalinowski
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.”
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Thursday October 28, 2021, 19:00:11
By Mark Kalinowski
After today’s (Thursday’s) market close, Starbucks reported fiscal Q4 (calendar Q3) adjusted EPS of $1.00, coming in ahead of our $0.97 forecast and sell-side consensus (according to Consensus Metrix) of $0.99.
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Wednesday September 29, 2021, 07:00:00
By Mark Kalinowski
Over the last 50 years, Starbucks has built itself up from a single store in Seattle’s Pike Place Market focused on selling high-quality coffee beans, to the most innovative beverage company in the entire restaurant industry (and the second-largest restaurant concept in the U.S., as measured by domestic systemwide sales). But this gigantic success story does not imply that there aren’t any large opportunities remaining for Starbucks. In our view, there remains an opportunity for Starbucks to sell much more in the way of… keep reading!
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