Insight Report 2 minutes PremiumStarbucks (SBUX) 3Q16 Results: Comps Miss Expectations on Flat Transactions Coresight Research July 21, 2016 Executive Summary Starbucks reported 3Q16 EPS of $0.49, in line with the consensus estimate. However, its total same-store sales and total revenues missed analyst’s’ expectations. Full-year guidance calls for EPS of $1.88–$-1.89 per share, consistent with prior guidance. Sales guidance was lowered 10% from slightly above mid-single digits10%+ previously. Bright spots in the business includes a steady growth inof loyalty program enrollment and a strong, 7% comps in China. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US CPG—Retail 2024 Sector Outlook: Volume Growth To Turn Positive as Inflation EasesAugust 2023 UK Retail Sales: Surprising Discretionary Resilience Even as Grocery Volume Declines ContinueConsumers Turn Away From Socializing: China Consumer Survey InsightsWeinswig’s Weekly: The Checkout Process Continues To Evolve and Reduce Friction
