Starbucks (SBUX) Misses Q2 EPS by 10c

Starbucks (NASDAQ: SBUX) reported Q2 EPS of $0.41, $0.10 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $8.8 billion versus the consensus estimate of $8.89 billion.

Global comparable store sales declined 1%, driven by a 2% decline in comparable transactions, partially offset by a 1% increase in average ticket

• North America comparable store sales declined 1%, driven by a 4% decline in comparable transactions, partially offset by a 3% increase in average ticket; U.S. comparable store sales declined 2%, driven by a 4% decline in comparable transactions, partially offset by a 3% increase in average ticket
• International comparable store sales increased 2%, driven by a 3% increase in comparable transactions, partially offset by a 1% decline in average ticket; China comparable store sales were flat, driven by a 4% increase in comparable transactions, offset by a 4% decline in average ticket

For earnings history and earnings-related data on Starbucks (SBUX) click here.

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