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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Shoptalk Europe 2024 Startup Pitch Competition: Recap—12 Innovators, Two WinnersCoresight Bites: US Consumer Tracker—More Shoppers Cut Grocery Purchases Amid High Inflation AwarenessNavigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and GrowthShoptalk 2024 “Shark Reef” Startup Pitch Competition: Recap—12 Innovators, Two Winners
