Market Currents

Starbucks (SBUX): FQ2 EPS of $0.40 beats by $0.01. Revenue of $3.20B (+15% Y/Y) beats by $20M....

Thursday, April 26, 2012, 4:08 PM ET
Starbucks (SBUX): FQ2 EPS of $0.40 beats by $0.01. Revenue of $3.20B (+15% Y/Y) beats by $20M. Comparable-store sales up 7%; traffic up 6%, average ticket up 1%. Targets revenue growth in the low teens, led by mid-single-digit comparable store sales growth. Shares -4.4% AH. (PR)

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This news story has 15 comments:

phemale60 Comments (1708)

What's not to like??? Was this report disappointing? selling off, nearly $3! "Starbucks Running out of room"? Anyone have info?

26 Apr 2012, 04:17 PM Reply Like

WisPokerGuy Comments (395)

Agreed. What's not to like? They beat on the top and bottom and maintained guidance.

This is a long-term growth story. Seems like "the street" didn't like that commodity costs were up. That's breaking news? The CFO was just on CNBC and stated that they were hedged for the next 18 months on the commodity front and called that concern a "tailwind" in the second half of the year.

Increased my position after-hours by 60% at $58.05.

26 Apr 2012, 04:24 PM Reply Like

MichaelJ8 Comments (126)

after hours not really a good way to judge. I've seen a stock fall 5% afterhours after reporting good earnings. Only to rebound 8-10% the next day. Also, I read somewhere that coffee prices expected to drop significantly over the next 12-18 months... can someone confirm this? this would help sbux considerably...

26 Apr 2012, 07:29 PM Reply Like

Trent Guinn Comments (69)

It's currently priced above these growth rates. Still like it, but not at these values.

26 Apr 2012, 05:39 PM Reply Like

Deerutig Comment (1)

This is an opportunity to own a great company.

26 Apr 2012, 06:33 PM Reply Like

j4mes Comments (2)

buy it on AH weakness

26 Apr 2012, 06:38 PM Reply Like

bordy77 Comment (1)

how come it dropped so much? (im fairly new to the market). report was good no?

26 Apr 2012, 06:46 PM Reply Like

deercreekvols Comments (2902)

I believe that we are seeing some investors taking profits, which has pushed SBUX down slightly afterhours.
As an investor in this company, I see no reasons to panic and sell, rather this is a great opportunity to add shares to my position.
While European interests are somewhat slow, entry into China is very exciting, in my opinion. Throw in an agreement with Disney and SBUX is having a pretty good week.

26 Apr 2012, 06:53 PM Reply Like

LARRY2M Comments (2)

Who's left in this market? All the investor's have left. Only gun-slinging traders whose idea of long term is about 20 minutes.

26 Apr 2012, 06:47 PM Reply Like

deercreekvols Comments (2902)

This is a great question, that is for sure. Don't forget the computer trades that can drive a stock up or down in seconds.

I am left in the market, for better or worse. I have a core of stocks that I hold long and others that are more speculative. There are times that it seems that the deck is stacked against the individual investor, however.

Have a great evening.

26 Apr 2012, 06:56 PM Reply Like

LARRY2M Comments (2)

Long term mutual fund investor. Trying out Stock investing for a change.

26 Apr 2012, 11:28 PM Reply Like

deercreekvols Comments (2902)

LARRY2M,

You have come to a great place to read about and discuss stocks. Plenty of different areas to explore, that is for sure.

Have a great weekend.

28 Apr 2012, 07:40 PM Reply Like