Company News: Starbucks (SBUX) Q4 results generally in line with consensus

Market news

30 October 2015

Company News: Starbucks (SBUX) Q4 results generally in line with consensus

Starbucks reported Q4 (Sep) earnings of $0.43 per share (versus $0.77 in the corresponding period of 2014), in-line with analysts' consensus of $0.43.

The company's revenues amounted to $4.914 bln (+17.5% y/y), slightly beating consensus estimate of $4.899 bln.

Starbucks issued downside guidance for Q1. It expects Q1 EPS of $0.44-0.45 versus analysts' consensus of $0.47. For FY16, the company projects EPS of $1.87-1.89 versus consensus of $1.88 and revenues of approx. $21.078 bln versus consensus of $21.45 bln.

SBUX fell to $62.00 (-0.80%) in pre-market trading.

Canada's GDP rises 0.1% in August

U.S.: Personal Income, m/m, September 0.1% (forecast 0.2%)

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