Starbucks Coffee (SBUX) Reports In-Line Q1 EPS; Reaffirms

Starbucks Coffee (NASDAQ: SBUX) reported Q1 EPS of $0.52, in-line with the analyst estimate of $0.52. Revenue for the quarter came in at $5.7 billion versus the consensus estimate of $5.85 billion.

Starbucks is engaging more deeply - and more frequently – and expanding its base of loyal customers faster and more consistently today than ever before,” said Howard Schultz, chairman and ceo. “The trust and confidence our customers have in the Starbucks brand is fueling our flywheel and propelling our business forward in markets and channels all around the world.”

“We are pleased with the record Q1 financial and operating results we announced today, particularly given that the results were delivered in the face of a challenging environment for restaurant retailers overall,” said Scott Maw, cfo. “As always, credit for our success belongs to the more than 300,000 Starbucks partners around the world who proudly wear the green apron and who deliver an elevated Starbucks Experience to our customers now over 90 million times, each week.”

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

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