Company News: Starbucks (SBUX) posts quarterly results in line with analysts' estimates

Market news

31 October 2019

Company News: Starbucks (SBUX) posts quarterly results in line with analysts' estimates

Starbucks (SBUX) reported Q4 FY 2019 earnings of $0.70 per share (versus $0.62 in Q4 FY 2018), in line with analysts’ consensus estimate.

The company’s quarterly revenues amounted to $6.747 bln (+7.0% y/y), generally in line with analysts’ consensus estimate of $6.682 bln.

The company also issued guidance for FY 2020, projecting EPS of $3.00-3.05 versus analysts’ consensus estimate of $3.08 and revenue growth of 6-8% (implying $28.1-2.8.6 bln) versus analysts’ consensus estimate of $28.44 bln.

SBUX rose to $86.00 (+2.15%) in pre-market trading.

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