(SBUX) Still Strong?

Posted: July 31, 2011 in Coffee, Coffee Stocks, NASDAQ, Restaurants, Services, Watch List
Tags: , , , , , ,

Starbucks Corporation (SBUX) – is a roaster and retailer of specialty coffee in more than 50 countries around the world. Starbucks purchases,roasts whole bean coffees, and sells them. Starbucks also sells a variety of handcrafted coffee and tea beverages, plus many fresh food items via their company stores. In October 2010, the Company acquired Magic Johnson Enterprise’s remaining 50% interest in Urban Coffee Opportunities.

Starbucks being one of the leading roaster of specialty coffee had wonderful third quarter results for the 2011 year. Earnings not only soared 33% year over year but had EPS at 36 which out beat most analysis.

(SBUXS)- Revenues and Margins

Total sales foe Q3 jumped 10.5% to $2,417.3 million in the quarter compared with $2,186.7 million in the prior-year quarter.

Adjusted operating margin for Q3 expanded 40 basis points (bps) to 13.7%.

Adjusted operating margin in the U.S. segment jumped to 18.8% from 16.7%.

On an international level Net Revenue surged 20% year over year to $658.5 million in Q3, reflecting a 5% growth in same-store sales.

Starbucks Looking Forward Predictions.

Starbucks raised its fiscal 2011 earnings guidance to the range of $1.50 to $1.51, from the previously communicated 15% to 20% growth over fiscal 2010 non-GAAP EPS on a comparable 52-week basis.

Starbucks has also unveiled a new three-region corporate structure to accelerate its growth strategy in China and Asia Pacific, including all Asia Pacific markets and China; Americas, including the United States, Canada, Mexico and Latin America; and EMEA, including Europe, U.K., Middle East, Russia and Africa.

Currently I have (SBUX)Starbucks at a HOLD HOLD HOLD Rating.

Disclosure – At this time I currently do not have any position in Starbucks nor do I plan on having any in the next 3 trading day.

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Comments
  1. Scott says:

    VARY STRONG!

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