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Bull of the Day: Starbucks (SBUX)
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A Strong Start To 2019
Back in January, Starbucks reported results for its fiscal 2019 first quarter, and overall, the numbers were better-than-expected and told analysts that momentum is heating up once again.
Adjusted earnings of 75 cents per share beat the Zacks Consensus of 65 cents per share and grew 15.4% year-over-year. Total revenues hit $6.6 billion, also beating our consensus estimate and increasing 9% from the year-ago period.
Global comparable store sales rose 4% in Q1, which extended the metric’s accelerating growth streak over the past few quarters. U.S. comps growth increased 4% year-over-year, which helped boost global comps.
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https://www.zacks.com/commentary/216332/...txt-216332
![[Bild: SBUXc1dl1712.png]](https://finviz.com/publish/022619/SBUXc1dl1712.png)
...
A Strong Start To 2019
Back in January, Starbucks reported results for its fiscal 2019 first quarter, and overall, the numbers were better-than-expected and told analysts that momentum is heating up once again.
Adjusted earnings of 75 cents per share beat the Zacks Consensus of 65 cents per share and grew 15.4% year-over-year. Total revenues hit $6.6 billion, also beating our consensus estimate and increasing 9% from the year-ago period.
Global comparable store sales rose 4% in Q1, which extended the metric’s accelerating growth streak over the past few quarters. U.S. comps growth increased 4% year-over-year, which helped boost global comps.
...
https://www.zacks.com/commentary/216332/...txt-216332
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