Company News: Starbucks (SBUX) quarterly results beat analysts’ forecasts

Market news

25 January 2019

Company News: Starbucks (SBUX) quarterly results beat analysts’ forecasts

Starbucks (SBUX) reported Q1 FY 2019 earnings of $0.75 per share (versus $0.58 in Q1 FY 2018), beating analysts’ consensus estimate of $0.65.

The company’s quarterly revenues amounted to $6.633 bln (+9.2% y/y), beating analysts’ consensus estimate of $6.487 bln.

The company also issued upside guidance for FY 2019, projecting EPS of $2.68-2.73 versus analysts’ consensus estimate of $2.65 and its previous guidance of $2.61-2.66.

SBUX rose to $66.85 (+3.26%) in pre-market trading.

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