Starbucks Shares Jump After-Hours
Starbucks (NASDAQ:SBUX) has been batting 1,000 lately and after reporting a solid Q4 2009 this afternoon, shares are on a tear up almost 5% after hours flying in the $20.50 range.
Its a new 52-week high for Starbucks and tomorrow you can bet the rally will continue, SBUX is back baby.
Here's the detail from today's earnings call:
Starbucks fiscal Q4 EPS of 24 cents, ex-items, topping consensus estimates of 21 cents.
Revenues in the quarter slipped 4% to $2.42 billion, but came in ahead of consensus estimates of $2.39 billion.
Starbucks said its consolidated same-store sales improved to -1% from -5%.
Starbucks said its operating margin improved 760 basis points to 8.2%.
"Improving top line trends, coupled with a disciplined operational focus in both our stores and our support organization, position us well for long-term, profitable growth," commented Troy Alstead, Executive Vice President and CFO. "As a result, we are increasing our non-GAAP EPS outlook for fiscal year 2010 to a range of 15% to 20% growth over fiscal 2009." The company had previously seen non-GAAP EPS growth of 13% - 18%.
The company also said it expects CapEx of $500 million - $550 million.
- Login or register to post comments
Email this page
Please Review the StockMasters Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details





