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.

SOURCE: http://www.mysmartrend.com/nw/15316