HALISTER: MORE: Starbucks Boosts Yr Adj. EPS View; 2Q Global Comps Top Est

MORE: Starbucks Boosts Yr Adj. EPS View; 2Q Global Comps Top Est

(Bloomberg) -- SBUX sees FY16 adj. EPS $1.88-$1.89; saw $1.87-$1.89 (Jan. 21), est. $1.89 (range $1.87-$1.94)
  • SBUX down 4.4% post-market on 571k shares traded
  • Reaffirms FY16 growth targets
  • Sees 3Q adj. EPS 48c-49c, est. 49c (range 46c-50c)
  • 2Q adj. EPS 39c, saw 38c-39c (Jan. 21), est. 39c (range 38c-40c)
  • 2Q rev. $4.99b, est. $5.03b (range $4.95b-$5.16b)
  • 2Q comps sales (Consensus Metrix avg of 24 ests.)
    • Total global comp. sales +7.0% vs est. +6.7%
      • Americas 7.0% vs est. +7.4%
      • China/Asia-Pac +3% vs est. +4.6%
      • EMEA +1% vs est. +3.4%
  • Call 5pm, 877-491-7022 pw 4491782
  • NOTE: SBUX opens first store in South Africa today
Statement: Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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SBUX US (Starbucks Corp)

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