Starbucks Corporation (SBUX) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.39 EPS for the quarter. Analysts had a consensus estimate of $0.39. The company posted revenue of $4993.00 million in the period, compared to analysts expectations of $5027.03 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Starbucks Corporation. Starbucks Corporation was Resumed by Credit Agricole to “Buy” on Apr 13, 2016. Shares were Downgraded by Deutsche Bank on Apr 12, 2016 to ” Hold” and Lowered the Price Target to $ 64 from a previous price target of $70 .Starbucks Corporation was Resumed by Stifel to “Hold” on Mar 18, 2016.
Starbucks Corporation opened for trading at $60.69 and hit $61.07 on the upside on Monday, eventually ending the session at $60.89, with a gain of 0.63% or 0.38 points. The heightened volatility saw the trading volume jump to 72,28,573 shares. Company has a market cap of $90,002 M.
In a different news, on Mar 2, 2016, James G Jr Shennan (director) sold 20,000 shares at $58.99 per share price. According to the SEC, on Jan 29, 2016, Craig Weatherup (director) sold 117,966 shares at $58.31 per share price. On Dec 11, 2015, Lucy Lee Helm (evp, gen. counsel & secretary) sold 13,356 shares at $62.05 per share price, according to the Form-4 filing with the securities and exchange commission.
Starbucks Corporation is the roaster marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells along with coffee tea and other beverages and a range of fresh food items through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels such as licensed stores grocery and national foodservice accounts. It operates through four segment: Americas which includes the United States Canada and Latin America; Europe Middle East and Africa (EMEA); China/Asia Pacific (CAP) and Channel Development. In addition to its Starbucks Coffee brand it also sells goods and services under the brands including Teavana Tazo Seattle’s Best Coffee Evolution Fresh La Boulange and Ethos. Its Americas EMEA and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts primarily in Canada and the United Kingdom.