RBC Capital Reiterates Outperform on Starbucks Coffee (SBUX) After Trimming Estimates
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Starbucks Reports Record Q3 Financial and Operating Results
July 21, 2016 4:04 PM EDTGAAP EPS Up 24% to a Q3 Record $0.51 Per Share; Non-GAAP EPS Up 17% to a Record $0.49 Per Share
Comparable Store Sales Rise 7% in China, 4% in the U.S. and 4% Globally
Revenues Up 7% to Q3 Record $5.2 Billion; Operating Income Up 9% to a Q3 Record $1.0 Billion
Channel Development Revenues Increase 9%; Operating Income Jumps 31%
Starbucks Rewards Active Membership Up 18% YOY; Now Over 12 Million Active Members in the U.S. and Canada
SEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX)... More
