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Starbucks Rises After Beating Earnings Estimates, Posting Strong Guidance
Starbucks' U.S. sales were strong, and look strong going forward.
The stock gained 1.71% to $68.85 a share, after slipping by 2.54% to $64.74 in regular hours.
Earnings-per-share came in at 75 cents on an adjusted basis, beating estimates of an adjusted 65 cents a share. GAAP EPS also beat estimates, as the company reported 61 cents a share, beating expectations of 58 cents. That's a 15% growth rate, compared to analysts expectations of a 11.9% growth rate. Revenue was $6.6 billion, handily beating estimates of $4.89 billion. Total revenues grew 9%, beating estimates of 6.8%. Net income was $760 million.
Comparable sales in the U.S. grew at 4 % year-over-year to $4.2 billion. China sales grew 1% to $651 million.
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https://www.thestreet.com/markets/starbu...e-14845124
Starbucks' U.S. sales were strong, and look strong going forward.
The stock gained 1.71% to $68.85 a share, after slipping by 2.54% to $64.74 in regular hours.
Earnings-per-share came in at 75 cents on an adjusted basis, beating estimates of an adjusted 65 cents a share. GAAP EPS also beat estimates, as the company reported 61 cents a share, beating expectations of 58 cents. That's a 15% growth rate, compared to analysts expectations of a 11.9% growth rate. Revenue was $6.6 billion, handily beating estimates of $4.89 billion. Total revenues grew 9%, beating estimates of 6.8%. Net income was $760 million.
Comparable sales in the U.S. grew at 4 % year-over-year to $4.2 billion. China sales grew 1% to $651 million.
....
https://www.thestreet.com/markets/starbu...e-14845124
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