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Stock impact report

Analyst revamps Starbucks stock price target ahead of earnings [Yahoo! Finance]

Starbucks Corporation (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Company Research Source: Yahoo! Finance
The Starbucks SBUX CEO, who took over the top spot last year, told analysts in January that the coffee giant has been contending with "some unexpected headwinds, which impacted the rate of growth." "We feel very confident about our robust plans to address these challenges," he said. "While we are already seeing traction, there was an impact in the quarter, and it will take some time to normalize." Related: Analysts take aim at Tesla stock after Elon Musk makes unpopular decision The company had missed Wall Street's fiscal first-quarter expectations, amid falling U.S. and international sales, although Narasimhan maintained that "our performance in the quarter was fundamentally strong." Starbucks reported earnings of 90 cents a share, missing FactSet's call for 93 cents a share. Revenue totaled $9.43 billion, short of analysts' expectations for $9.59 billion in sales. Global same-store sales increased 5%, below Wall Street's estimates of 7.2%. North American same-store sales Show less Read more
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