Starbucks: Q4 above expectations
(CercleFinance.com) - On Thursday evening, Starbucks presented Q4 adjusted (non-GAAP) EPS growth of 13% to 62 cents, beating the consensus by two cents.
The Seattle-based coffee chain's turnover increased by 11% to a record 6.3 billion dollars, including 3% growth at constant stores, with a 4% increase in the average receipt.
CFO Scott Maw said Starbucks reported a sequential rise in results, both in the Americas and China-Asia-Pacific. He also highlighted the group's ongoing streamlining efforts.
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