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"Starbucks' record fourth quarter performance reflects a significant improvement in virtually all critical operational metrics compared to the third quarter," Kevin Kevin, Starbucks CEO, said in a statement released on Thursday.
The company's net income decreased 4.1% to $ 755.8 million, or 56 cents per share, in the fourth quarter of the fiscal year ended September 30, against $ 788.5 million, or 54 cents per share, for the same period the previous year.
After adjusting for certain non-recurring items, the company gained 62 cents a share while analysts expected 60 cents per share, according to Refinitiv's average estimates.
The company generated revenue of $ 6.3 billion, up 10.6 percent from $ 5.7 billion in the same period last year, exceeding analyst estimates of $ 6.27 billion of dollars.
Also on Thursday, Starbucks announced its outlook for 2019. Here's what Starbucks is waiting for:
- Add about 2,100 new net Starbucks stores worldwide
- Comparable store sales growth in the lower part of its current range of 3 to 5%
- Consolidated revenue growth of 5 to 7%
- Adjusted earnings per share from $ 2.61 to $ 2.66
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