Sunday , April 18 2021

STARBUKS: Increases annual earnings per share



Starbucks announced that it earns on Thursday night's expectations in the second quarter of its fiscal year 2019, raising its annual profit forecast. For example, the American coffee chain posted a net profit of $ 663.2 million during this period, or 53 cents per share, compared with $ 660.1 million or 47 cents a share, a year earlier. In adjusted data, earnings per share was 60 cents per share, which exceeds the Consensus FactSet (56 cents).

On the other hand, turnover amounted to $ 6.31 billion in the second quarter of fiscal year (+ 4.5%) and a consensus of 6.32 billion dollars.

Based on its performance, Starbucks now expects adjusted earnings per share from $ 2.75 to $ 2.79 per year, compared to the previous range from 2.68 to 2.73 dollars.

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