=Starbucks (SBUX) reported earnings on Thur 21 Apr 2016 (a/h)

Starbucks reports EPS in-line, revs in-line; guides Q3 EPS in-line; guides FY16 EPS in-line, reaffirms FY16 rev, comps guidance :

• Reports Q2 (Mar) earnings of $0.39 per share, in-line with the Capital IQ Consensus of $0.39; revenues rose 9.4% year/year to $4.99 bln vs the $5.03 bln Capital IQ Consensus.
  • Global comparable store sales increased 6% vs. ests near +6.7%, comprised of a 4% increase in ticket and 2% increase in traffic
• Co issues in-line guidance for Q3, sees EPS of $0.48-0.49, excluding non-recurring items, vs. $0.49 Capital IQ Consensus Estimate.
• Co issues guidance for FY16, raises EPS to $1.88-1.89 from $1.87-1.89, excluding non-recurring items, vs. $1.89 Capital IQ Consensus Estimate; reaffirms FY16 revs of +12% to $21.5 bln vs. $21.54 bln Capital IQ Consensus; comps somewhat above mid single digit growth; ~1,800 net new store openings in the fiscal year.