SBUX (Post-Call) Fiscal Q1 Healthy, But Coronavirus Afflicting Fiscal Q2

By Mark Kalinowski Published on January 28, 2020 at 12:00 AM

After today’s (Tuesday’s) market close, Starbucks (SBUX; Buy) reported fiscal Q1 2020 (= calendar Q4 2019) adjusted EPS of $0.79, surpassing our $0.75 forecast and sell-side consensus (according to Consensus Metrix) of 0.76. U.S. same-store sales growth of +6% exceeded our +5% projection and sell-side consensus of +5%. Worldwide same-store sales advanced by +5%, matching our estimate and consensus.

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