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Shares of Starbucks (SBUX) are warming Thursday after the markets release, after their financial and financial results beat their September results.
The company announced a profit of 0.62 USD per share for a turnover of 6.3 billion USD, compared to analysts' expectations, of 0.60 USD per share for a turnover of 6.27 billion USD.
The stock is up nearly 9% on the news.
"Starbucks' record fourth quarter performance reflects a significant improvement in virtually all critical operational metrics compared to the third quarter," said Kevin Johnson, Chief Executive Officer. "As we enter fiscal 2019, we are aligning ourselves with a clear growth agenda focused on our long-term growth markets in the United States and China."
The performance in China is particularly remarkable given the concerns about Chinese growth that persisted in the week of results. Concerns about Chinese growth opportunities weighed on companies in all sectors.
The undisguised performance of Starbucks, with comparable sales up 2%, could strengthen some of these companies that have also been blocked by the concerns of China.
"In the [fiscal fourth quarter], Starbucks has improved sequential results in our markets in the Americas and China / Asia Pacific, "said CFO Scott Maw.
The company also highlighted its lead market in the United States, where same-store sales increased 4% and was boosted by increased commitment to its rewards program.
The Starbucks Rewards loyalty program has reached 15.3 million members in the United States, a growth of 15% over the previous year.
The executives will detail the results obtained in the Chinese market, which is still more important, its overall results, the rationalization of its activity, sales in the sector and a $ 5 billion buyout underway at 5 pm. AND.
The webcast of the results will be available here.
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