Company News: Starbucks (SBUX) quarterly earnings beat analysts’ estimate

Market news

29 January 2020

Company News: Starbucks (SBUX) quarterly earnings beat analysts’ estimate

Starbucks (SBUX) reported Q1 FY 2020 earnings of $0.79 per share (versus $0.75 per share in Q1 FY 2019), beating analysts' consensus estimate of $0.76 per share.

The company's quarterly revenues amounted to $7.097 bln (+7.0% y/y), roughly in line with analysts' consensus estimate of $7.107 bln.

The company also reaffirmed guidance for FY 2020, sees EPS of $3.00-3.05 (versus analysts' consensus estimate of $3.05) and revenues of +6-8%, implying $28.1-28.6 bln (versus analysts' consensus estimate of $28.41 bln).

SBUX fell to $88.00 (-0.68%) in pre-market trading.

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