Starbucks (SBUX) Misses Q3 EPS by 15c, Revenue Beats

Starbucks (NASDAQ: SBUX) reported Q3 EPS of $0.50, $0.15 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.29 billion.

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

• North America comparable store sales declined 2%, driven by a 3% decline in comparable transactions, partially offset by a 1% increase in average ticket; U.S. comparable store sales declined 2%, driven by a 4% decline in comparable transactions, partially offset by a 2% increase in average ticket
• International comparable store sales were flat, driven by a 1% increase in comparable transactions, offset by a 1% decline in average ticket; China comparable store sales increased 2%, driven by a 6% increase in comparable transactions, partially offset by a 4% decline in average ticket

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

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