Starbucks gaps higher on Q4 earnings and same store sales growth
Starbucks Corporation (SBUX) is up 11.1% Friday morning. The company posted adjusted Q4 earnings of 62 cents per share versus the consensus 59 cents. Same store sales were up 4 percent in the U.S. and 3% globally.
Starbucks Corporation (SBUX) is a coffee house chain.
Exelixis, Inc. (EXEL) and Newell Brands Inc. (NWL) top the list of other companies with positive news today, while Apple Inc. (AAPL) and Weight Watchers International, Inc. (WTW) top the list of companies with negative news.
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About Starbucks Corporation
Through a global chain of almost 30,200 company-owned and licensed stores, Starbucks sells coffee, espresso, teas, cold blended beverages, food, and accessories. The company also distributes packaged and single-serve coffee, tea, juice, and pastries through its own stores, grocery store chains, and warehouse clubs under the Starbucks and Teavana brands under the Global Coffee Alliance partnership with Nestle. In addition, Starbucks markets bottled beverages, ice creams, and liqueurs through various partnerships with Pepsi, Anheuser-Busch, Tingyi, and Arla. In fiscal 2018, the Americas segment (including the U.S.) represented 68% of total revenue, followed by the China-Asia Pacific segment (18%), channel development (9%), Europe-Middle East-Africa (4%), and corporate-other (1%).