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

Market news

28 April 2021

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

Starbucks (SBUX) reported Q2 FY 2021 earnings of $0.62 per share (versus $0.32 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.52 per share.

The company’s quarterly revenues amounted to $6.668 bln (+11.2% y/y), missing analysts’ consensus estimate of $6.752 bln.

The company also issued upside guidance for FY 2021, projecting EPS of $2.90-3.00 versus analysts’ consensus estimate of $2.84 and revenues of $28.5-29.3 bln versus analysts’ consensus estimate of $28.53 bln.

SBUX fell to $114.16 (-1.71%) in pre-market trading.

U.S. weekly mortgage applications decrease 2.5 percent

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