Skip to Content
Market Update

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.

Mentioned: ,

 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.

To view this article, become a Morningstar Basic member.

Register for Free

Gazala Parveen does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.