Starbucks Coffee (SBUX) Reports In-Line Q4 EPS, Comps Increase 2%

Starbucks Coffee (NASDAQ: SBUX) reported Q4 EPS of $0.55, in-line with the analyst estimate of $0.55. Revenue for the quarter came in at $5.7 billion versus the consensus estimate of $5.8 billion.

• Global comparable store sales increased 2%, driven by a 2% increase in average ticket and a 1% increase in transactions; up 3% excluding the impact from Hurricanes Harvey and Irma
• Americas comp store sales increased 3%, driven by a 2% increase in average ticket and a 1% increase in transactions
• U.S. comp store sales increased 2%; excluding the impact from Hurricanes Harvey and Irma, U.S. comp sales up 3%, driven by a 1% increase in transactions
• CAP comp store sales increased 2%; China comp store sales increased 8%, driven by a 7% increase in transactions

Long Term Financial Targets

The company provides the following updates to long term financial targets; more detail will be provided during its Q4 FY17 earnings conference call today at 2:00 p.m. Pacific Time. Following the call, these items can be accessed on the company's Investor Relations website.

• Annual global comparable store sales growth of 3% to 5%
• Annual consolidated net revenue growth in the high single digits
• Annual earnings per share growth of 12% or greater
• Annual ROIC of 25% or greater

Fiscal Year 2018 Financial Targets

The company will introduce fiscal year 2018 financial targets during its Q4 FY17 earnings conference call starting today at 2:00 p.m. Pacific Time. These items can be accessed on the company's Investor Relations website during and after the call.

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

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