Starbucks: Q1 beats consensus

(CercleFinance.com) - On Tuesday night Starbucks reported Q1 2019-20 adjusted earnings per share (non-GAAP) that is up 5% at 79 cents, exceeding the consensus by three cents.


The Seattle-based coffee chain's revenue increased by 7% to 7.1 billion dollars, including 5% growth at constant stores, with a 3% increases in the average ticket and a 2% increase in comparable transactions.

The group also announces an 80-bp expansion in its adjusted operating margin to 18.2%, as well as overall growth in its net stores of 6%, growth driven by a 16% increase in China.


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