Starbucks: beats consensus in Q1

(CercleFinance.com) - On Thursday evening Starbucks unveiled Q1 2018-19 adjusted (non-GAAP) EPS that is up 15% at 75 cents, ten cents above the consensus.


The Seattle-based coffee chain's sales increased 9% to a record 6.6 billion dollars, including 4% like-for-like growth, driven by a 3% increase in the average ticket.

"Comprehensive efforts to streamline our business have allowed us to focus on three key strategic initiatives that position Starbucks for long-term success," president and CEO Kevin Johnson said.


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