===Starbucks (SBUX) reported earnings on Tue 30 Jan 24 (a/h)

 

Starbucks misses by $0.03, misses on revs, comps of +5% globally

• Reports Q1 (Dec) earnings of $0.90 per share, excluding non-recurring items, $0.03 worse than the FactSet Consensus of $0.93; revenues rose 8.2% year/year to $9.43 bln vs the $9.6 bln FactSet Consensus.
  • Comps up +5% globally, +5% in North America, +7% in International.
    • North America and U.S. comparable store sales increased 5%, driven by a 4% increase in average ticket and 1% increase in comparable transactions.
      
    • International comparable store sales increased 7%, driven by a 11% increase in comparable transactions and 3% decline in average ticket; China comparable store sales increased 10%, driven by a 21% increase in comparable transactions and 9% decline in average ticket.
  • Q1 active U.S. Starbucks Rewards Membership reaches 34.3 Million, up 13% yr/yr.

Earnings this week : Jan 29 - Feb 2, 24 (wk 5)

Monday (Jan 29)

• Morning: CR BEN PPBI PHG SOFI
• Afternoon: ARE CADE CALX CSWC CLF ELS FFIV GGG HLIT HTLF HP NUE PCH SANM SMCI WHR WWD

Tuesday (Jan 30)

• Morning: AOS CVLT GLW DHR FCF GM HCA HOPE HUBB JBLU JCI MBUU MAN MDC MPC MPLX MSCI PNR PFE PII PHM SYY UPS
• Afternoon: AMD GOOG APAM ASH AX BXP CB EA ENVA EQR FIBK FBIN HA JNPR LC LFUS MANH MTCH MSFT MOD MDLZ RNR RHI SWKS SBUX SYK TER UMBF UNM

Wednesday (Jan 31)

• Morning: APTV ADP AVY AVT BA BSX BV EAT COR CMCO EVR EXTR FTV GSK GPI HES HESM LII MKTX MA NAVI NDAQ NYCB NVS ODFL OTIS PSX ROK ROP SLGN SLAB TEVA TMO UMC
• Afternoon: EGHT AFL ALGN AVB AXS BHE BOOT BDN CHRW CCS CNMD CLB CTVA CACC DGII FLEX THG KLIC LSTR MXL MTH MET MTG PTC QRVO QCOM RYN SEIC SIGI TTEK UGI VSTO WOLF

Thursday (Feb 1)

• Morning: FLWS ALGM MO ATI ATKR BALL BDX BR BIP BC CAH CMS DLX LPG DOV ETN EPD HON HII ITW IP JHG KEX LANC LAZ MTSI MRK OCSL PH PTON PBI DGX RVTY RCL SBH SNY SNDR SIRI SR SWK SXC TECH TSCO TT WNC WEC WRK
• Afternoon: ATGE AMZN AAPL TEAM BZH CPT CLFD CLX COLM COUR DECK DLB DXC EMN EXPO GEN HIG HOLX HLI HUBG KMPR LESL LPLA META MCHP MTX NOV POST RGA SKX SNCY SKYW X VIAV

Friday (Feb 2)

• Morning: ABBV AON BMY CHTR CVX CHD XOM GWW IMO LYB PIPR REGN SAIA CI TWST WT
• Afternoon: CBOE

Starbucks (SBUX) reported earnings on Thur 28 Oct 21 (a/h)

   ** charts after earnings **

 

 

 

 

Starbucks sales miss as COVID-19 resurgence hits China

Oct 28 (Reuters) - Starbucks Corp missed market estimates for quarterly same-store sales on Thursday, as a COVID-19 resurgence in China closed stores in several major cities and overshadowed a strong performance by its U.S. business.

Fresh lockdowns to curb the spread of the Delta variant in Starbucks' largest growth market of China have also hit businesses of several other restaurant chains, including Yum China Holdings Inc.

The coffee chain posted a 7% decline in China comparable sales in its fourth quarter, missing its forecast of roughly flat growth and offsetting a 22% jump in the United States.

The company forecast global comparable sales growth in the high single digits in its current fiscal year 2022.

 

The company said it would open 2,000 net new locations globally in fiscal 2022 versus 1,173 in 2021, about 75% of them outside of the United States.

Starbucks said it would raise pay for U.S. workers with at least two years of employment and offer $200 referral bonuses, as it grapples with a nationwide labor shortage.

Earnings this week : Oct 25 - 29, 2021 (wk 43)

 

Monday, October 25: Kimberly-Clark (NYSE:KMB), Facebook (FB) and Universal Health (NYSE:UHS).

Tuesday, October 26: UPS (NYSE:UPS), General Electric (NYSE:GE), Lockheed Martin (NYSE:LMT), Alphabet (GOOG), Microsoft (MSFT), Twitter (NYSE:TWTR), F5 Networks (NASDAQ:FFIV), Hasbro (NASDAQ:HAS), Visa (NYSE:V), Robinhood Markets (NASDAQ:HOOD) and AMD (NASDAQ:AMD).

Wednesday, October 27: FISV, Boeing (NYSE:BA), Coca-Cola (NYSE:KO), Kraft-Heinz (NASDAQ:KHC), McDonald's (NYSE:MCD), eBay (NASDAQ:EBAY), Ford (NYSE:F) and General Motors (NYSE:GM).

• Afternoon: AFL AEM AGI ALGN ALGT ALSN NLY AM AR ACGL ASGN AZPN AVB AXS NTB BHE BMRN BOOT BCOV CACI CG CCS CHX CHDN CINF CNO CDE CTSH FIX CYH CNMD CLB CONE DRE EBAY EW ESI EHC ENSG EQT EQC ETD RE EVTC EXR FLEX FLS F FORM FWRD GSHD THG PI NGVT ISBC INVH IRBT JBT KRC KLAC KN LC MXL MTH MEOH MAA MKSI MC MOH MSA MUSA MYRG NTGR NDLS ORLY OII PGRE PEGA PDM PPC PLXS PPD RJF SIGI SCI NOW SIMO SNBR SSB SAVE SRI TDOC TROX TTMI TWLO TYL UCTT URI UPWK VICI WCN WOLF WH XLNX YUMC

Thursday, October 28: Anheuser-Busch InBev (NYSE:BUD), Caterpillar (NYSE:CAT), Merck (NYSE:MRK), MasterCard (NYSE:MA), Apple (AAPL), Atlassian (NASDAQ:TEAM), Amazon (AMZN), Altria Group (NYSE:MO), Hershey (NYSE:HSY), Comcast (NASDAQ:CMCSA), Keurig Dr Pepper (NASDAQ:KDP) and Starbucks (NASDAQ:SBUX).

• Morning: FLWS AOS ABMD AGCO ATI ALGM ADS AB ALNY MO AEP AMT BUD AVNT BAX BPMC BC CRS CARR CAT CBZ CBRE CHKP CLVT CMS CNX COLB CMCO CMCSA COR CFR DBD EXP EME FCN THRM GPI HSY HBAN IDA ITW IMAX INSM ITGR ICE JHG KBR KDP KEX LH TREE LECO LIN LKQ MA MDC MPW MD MRK MDP TAP MCO COOP NEM NLSN NOC NVCR NVT OSK OSIS OSTK PATK PTEN PBF BTU PRFT PRLB PACK RLGY RS RGEN RDS.A SAIA SNY SNDR SHOP SIRI SWI SAH SMP SWK STM TROW TFX TPX TXT TW TRS VLY VC WST WEX WLTW WNS XEL YUM
• Afternoon: ACHC AMZN ABCB AAPL ATR AJG TEAM AVTR AVT AX BIO CPT CDNA CWST CHE COHU COLM OFC CUZ DVA DECK DXCM DRQ EMN EIG ENVA EXPO FHI FE FTV FTAI FTDR GLPI GILD LOPE HIG HTGC HTH HUBG KMPR KNSL LMAT LPLA LTC MGRC MERC MMSI MSTR MHK MPWR NATI NXGN OPK PEB POLY POWI PTCT RNST RSG RMD SGEN SPNE SKX SKYW SM SPSC SSNC STAG SBUX SYK TEX TXRH X VRSN VCRA WRE WERN WDC AUY ZEN

Friday, October 29: Exxon Mobil (NYSE:XOM), AbbVie (NYSE:ABBV), Church & Dwight (NYSE:CHD), Chevron (NYSE:CVX), Colgate-Palmolive (NYSE:CL) and L3Harris Technologies (NYSE:LHX).

• Morning: ABBV AON ABR B BAH CCJ CRI CBOE CERN CHTR CVX CHD CL XOM FTS GWW HUN IMGN IMO LAZ LYB NWL PSX PSXP PNM POR PFS RCL SJR SHLX SLCA WPC WY WETF

Starbucks (SBUX) reported earnings on Thur 24 Jan 2019 (a/h)

• 39/short, 62/bear eng, 

** charts before earnings **

 

** charts after earnings **

Starbucks beats by $0.10, beats on revs; guides FY19 EPS above consensus 

• Reports Q1 (Dec) earnings of $0.75 per share, $0.10 better than the S&P Capital IQ Consensus of $0.65; revenues rose 9.2% year/year to $6.63 bln vs the $6.49 bln S&P Capital IQ Consensus. Global comps +4% vs 3% estimates.
  • Americas and U.S. comparable store sales increased 4%, with transactions flat
  • CAP comparable store sales increased 3%, including 1% transaction growth; China comparable store sales increased 1%, with transactions down 2%
  • Non-GAAP operating margin of 17.4% declined 180 basis points compared to the prior year
• Co issues upside guidance for FY19, sees EPS of $2.68-2.73, excluding non-recurring items, vs. $2.65 S&P Capital IQ Consensus. Previous guidance was for adj. EPS of $2.61-2.66
  • Global comparable store sales growth between 3% and 4% vs previous guidance of 3-5%
  • reaffirms expectation for Consolidated GAAP revenue growth of 5% to 7%

Earnings this week : Jan 21 - 25, 19 (wk 4)

Earnings confirmed to report this week:

Monday (Jan 21)    

• Market closed for Martin Luther King Jr. Day

Tuesday (Jan 22)

• Morning: ATI FITB GATX HAL HMST JNJ LOGI EDU PETS PLD SWK TRV
• Afternoon: AMTD CNMD COF FMBI HOPE IBKR IBM LRN LTXB NAVI RNST SFNC TBK UCBI WTFC ZION

Wednesday (Jan 23)

• Morning:  ABT APH ASML BKU BPOP CBU CMCSA HZO KMB NTRS PG PGR RES ROL SYF TDY TEL UTX WAT
• Afternoon:  ADTN AZPN BGG BXS CATY CCI CMRE CNS CP CTXS CVBF F FFBC FFIV HXL LRCX  LVS NXGN PTC RJF SLG SLM STL TCBI TER TRMK TXN UMPQ URI VAR XLNX

Thursday (Jan 24)

• Morning:  AAL AEP AIT AVX BANC BMY COLB DLX EWBC FCX GWW HBAN ISCA JBLU LUV MKC MMYT ORI RCI STM TAL TXT UNP VIVO WBS
• Afternoon: ALK ASB AVT CUBI DFS  ETFC FHB FII HTH INTC ISRG NBHC NSC OSIS RMD SBCF SBUX SIVB WAL WDC

Friday (Jan 25)

• Morning: ABBV ABCB APD CL DHI ERIC HRC IBKC LEA MOG.A NEE

-=Starbucks (SBUX) lowers its earnings guidance for FY18

• Starbucks details three strategic priorities - taking decisive steps to address anticipated Q3 comps of 1%; lowers FY18 EPS guidance

Starbucks details three strategic priorities - taking decisive steps to address anticipated Q3 comps of 1% 

• Starbucks details three strategic priorities to regain revenue and earnings momentum: Accelerating growth in the U.S. and China, the company's targeted long-term growth markets; Expanding and leveraging the global reach of the brand through the Global Coffee Alliance; and Sharpening the focus on increasing shareholder returns.
• With the execution of the company's strategic priorities expected to improve the return profile of the business, the company now expects to return approximately $25 billion in cash to shareholders in the form of share buybacks and dividendsthrough FY20. This represents a $10 billion increase from the cash return target announced on November 2, 2017. Co increases quarterly dividend to $0.36/share from $0.30/share.
• The company is actively exploring strategic options to license company-operated stores in other appropriate markets.

=Starbucks (SBUX) reported earnings on Thur 25 Jan 2018 (a/h)

Starbucks beats by $0.01, misses on revs; raises FY18 EPS above consensus; reaffirms FY18 comp guidance; Q1 comps +2%  

• Reports Q1 (Dec) adjusted Non-GAAP earnings of $0.58 per share, $0.01 better than the Capital IQ Consensus of $0.57; revenues rose 5.9% year/year to $6.07 bln vs the $6.19 bln Capital IQ Consensus. Non-GAAP EPS grew 25% to $0.65 per share and included a $0.07 benefit from changes in the U.S. tax law
• Global comparable store sales increased 2%, driven by a 2% increase in average ticket.GAAP operating margin of 18.4% declined 140 basis points compared to the prior year; non-GAAP operating margin of 19.2% declined 80 basis points. Active membership in Starbucks Rewards in the U.S. grew 11% versus the prior year to 14.2 million, with member spend representing 37% of U.S. company-operated sales, and Mobile Order and Pay representing 11% of U.S. company-operated transactions.
• Co issues raised guidance for FY18, sees EPS of $2.48-2.53 from $2.30-2.33, excluding non-recurring items, vs. $2.35 Capital IQ Consensus Estimate. "Co sees FY18 comps of +3.5%; expect to be near the low end of the range for the year. Continue to expect consolidated revenue growth in the high single digits consistent with long term guidance; when including approximately 2% of net favorability related to the acquisition of East China and other streamlining activities, we expect consolidated revenue growth of approximately 9-11% in FY18." 

Starbucks (SBUX) reported earnings on Thur 27 July 2017 (a/h)

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** charts after earnings **

LOS ANGELES, July 27 (Reuters) - Starbucks Corp on Thursday posted lower quarterly profit, tempered expectations for the current quarter amid softness in the U.S. retail and restaurant industries, and announced plans to close all 379 of its Teavana stores.

Net income fell to $691.6 million, or 47 cents per share, for the third quarter ended July 2. That was down from $754.1 million, or 51 cents per share, in the year earlier quarter.

Sales growth: Starbucks is growing sales at stores that have been open for more than 13 months, but not fast enough for investors. The company announced a 4% rise in this metric, known as comparable store sales. Wall Street was expecting closer to 5%. In general, stores based in China and the U.S. performed better than the company average.

Mobile ordering: Starbucks continues to see increases in the number of users who are using their mobile devices to get food and beverages. In the latest quarter, mobile order-and-pay accounted for 9% of all transactions in the U.S., while mobile payments accounted for 30%. Customers who use their smartphones to get Starbucks tend to be more loyal and get their drinks more quickly. However, the company is still working out the kinks of its mobile-ordering system to avoid store congestion. And one analyst is concerned about the rate of growth for Starbucks’ loyalty program.

Teavana: Starbucks acquired Teavana in 2012, but the tea chain’s stores have weighed on results. Starbucks announced Thursday that it would be closing down all 379 Teavana locations.

=Starbucks (SBUX) reported earnings on Thur 27 April 2017 (a/h)

Starbucks reports EPS in-line, misses on revs; Global comparable store sales increased 3% in Q2 with 4% comps in March, acceleration in April:

• Reports Q2 (Mar) earnings of $0.45 per share, in-line with the Capital IQ Consensus of $0.45; revenues rose 7.3% year/year to $5.29 bln vs the $5.42 bln Capital IQ Consensus
• Global comparable store sales increased 3% with a 3% increase in the Americas comp store sales; China comp store sales were up 7%, aided by a 6% increase in transactions
  • U.S. comp store sales increased 3% comprised of a 4% increase in average ticket and a 2% decrease in transactions. Adjusting for the estimated impact of order consolidation related to the new Starbucks Rewards loyalty program, average ticket grew 3% with transactions flat to prior year.
• "With our U.S. business accelerating throughout the quarter and strong performance in China, we are poised to deliver strong revenue growth in the second half and into the future," said Kevin Johnson, Starbucks president and ceo. "Our success in opening over 2,000 stores around the world annually, delivering record AUV and profit, despite a very difficult period for many brick-and-mortar retailers is a testament to the 330,000 partners who proudly wear the green apron."
• "Starbucks U.S. comp sales accelerated sequentially through the quarter - culminating with a 4% U.S. comp in March - and we're seeing further acceleration into April," said Scott Maw, Starbucks cfo. "Investments we are making to increase throughput and further premiumize the Starbucks brand are paying off. And increased capacity combined with accelerating momentum and the beverage, food and technology innovation we will be introducing in the months ahead gives us great confidence in our ability to deliver strong comp sales and revenue growth in the back half of fiscal 2017."

Further, SBUX will discontinue offering forward targets in its earnings press release and instead will offer forward statements on the earnings conference call

=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. 

=Starbucks (SBUX) reported 4Q earnings on Thur 21 Jan 2016 (a/h)

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Starbucks beats by $0.01, reports revs in-line; guides Q2 EPS just below consensus; reaffirms FY16 guidance :

• Reports Q1 (Dec) earnings of $0.46 per share, $0.01 better than the Capital IQ Consensus of $0.45; revenues rose 11.9% year/year to $5.37 bln vs the $5.39 bln Capital IQ Consensus.
• Global comparable store sales increased 8% vs. estimates just over 7%, including a 4% increase in traffic
  • Americas comp store sales increased 9%, including a 4% increase in traffic
  • China/Asia Pacific comp store sales increased 5%, driven by a 4% increase in traffic
  • EMEA comp store sales increased 1%, driven by a 1% increase in traffic
• Co issues downside guidance for Q2, sees EPS of $0.38-0.39, excluding non-recurring items, vs. $0.40 Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY16, sees EPS of $1.87-1.89, excluding non-recurring items, vs. $1.89 Capital IQ Consensus Estimate; sees FY16 revs of +12% to ~$21.5 bln vs. $21.61 bln Capital IQ Consensus Estimate. Global comparable store sales growth somewhat above mid-single digits; ~1,800 net new store openings in the fiscal year: Americas: ~700, half licensed China/Asia Pacific: ~900, two-thirds licensed EMEA: ~200, primarily licensed