Earnings on Tap: Starbucks
Starbucks is well-positioned to evolve into a world-class consumer packaged-goods company, as a result of its well-recognized brand and continued diversification efforts.
Starbucks (SBUX) will be reporting latest figures after the bell Thursday, with analysts expecting earnings per share of $0.53 for the third quarter compared with $0.43 per diluted share reported in the corresponding period a year ago.
In the March quarter, the company's earnings came in line with Street estimates even as revenues increased 11% to a second-quarter record of $3.6 billion. Starbucks also posted record second-quarter earnings per share of $0.51, which included a $0.03 nonroutine gain on the sale of the company's equity in the joint venture that operates Starbucks stores in Mexico.
Gazala Parveen does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.