Starbucks: Q1 above expectations
(CercleFinance.com) - Released last night, Starbucks' Q1 results came in above the consensus.
The American coffee giant announced net income of 660.1 million dollars, or 47 cents per share, against 652.8 million dollars, or 45 cents per share in Q1 2017.
Excluding extraordinary items, EPS reached 53 cents, as expected by analysts.
Revenues meanwhile rose by more than expected to 6.03 billion dollars (+14%), while the consensus was looking for 5.93 billion dollars. Note also the 2% rise in sales at constant stores, which is 0.2 percentage points higher than forecast.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The American coffee giant announced net income of 660.1 million dollars, or 47 cents per share, against 652.8 million dollars, or 45 cents per share in Q1 2017.
Excluding extraordinary items, EPS reached 53 cents, as expected by analysts.
Revenues meanwhile rose by more than expected to 6.03 billion dollars (+14%), while the consensus was looking for 5.93 billion dollars. Note also the 2% rise in sales at constant stores, which is 0.2 percentage points higher than forecast.
Copyright (c) 2018 CercleFinance.com. All rights reserved.