

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.