Starbucks: Q2 EPS better than expected
(CercleFinance.com) - On Thursday night Starbucks reported Q2 2018-19 adjusted EPS (non-GAAP) that is up 13% at 60 cents, which beat the consensus by four cents.
The Seattle-based coffee chain's sales rose by 5% to 6.3 billion dollars, including 3% growth at comparable stores, with the average receipt up 4% in the US and 2% in China.
Kevin Johnson, president and ceo said, “We are especially pleased with our comparable store sales growth in our two lead markets, the U.S. and China, where we are also continuing to drive strong new store development with industry-leading returns.”
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The Seattle-based coffee chain's sales rose by 5% to 6.3 billion dollars, including 3% growth at comparable stores, with the average receipt up 4% in the US and 2% in China.
Kevin Johnson, president and ceo said, “We are especially pleased with our comparable store sales growth in our two lead markets, the U.S. and China, where we are also continuing to drive strong new store development with industry-leading returns.”
Copyright (c) 2019 CercleFinance.com. All rights reserved.