HALISTER: Starbucks 1Q Comp. Sales Misses Est.; Shares Fall

Starbucks 1Q Comp. Sales Misses Est.; Shares Fall

(Bloomberg) -- Starbucks 1Q comp. sales +3%, est. +3.7% (Consensus Metrix, average of 26)
  • 1Q adj. EPS 52c, est. 52c (range 51c-53c)
  • 1Q net rev. $5.73b, est. $5.85b (range $5.75b-$5.98b)
  • 1Q China/Asia Pacific comp. sales +5%, est. +3% (Consensus Metrix, average of 26)
    • 1Q Americas comp. sales +3%, est. +3.9%
    • 1Q EMEA comp. sales -1%, est. +1.8%
  • 1Q adj. operating margin +20.0%
  • 1Q China/APAC operating margin 21.2%
  • 1Q EMEA operating margin 16.8%
  • 1Q net new store openings in Americas 251
  • Reaffirms Forecast
NOTE:
  • Shares down 2.3% since earnings release to $56.75 on 97,220 shares traded
  • 28 buys, 6 holds, 0 sells before today
  • Call 5pm (NY time), 877-491-7022 pw 82324031
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SBUX US (Starbucks Corp)

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UUID: 7947283