After Thursday’s closing bell, Starbucks Corporation (SBUX
SBUX’s Earnings in Brief
SBUX reported Q3 net income of $0.67 per share, up 22% from a year prior. Revenue for the quarter came in at $4.15 billion, up 11% from the third quarter of 2013. On average, Wall Street analysts expected to see $0.66 per share in earnings and revenue of $4.14 billion. Starbucks expects EPS to be in the range of $2.70 to $2.72 for FY14, and Q4 EPS to come in the range of $0.76 to $0.78.CEO Commentary
Howard Schultz, Starbucks Chairman, President and CEO, noted: “Starbucks Q3 represents another quarter of outstanding operating performance in which each of our segments contributed to record results. The increasing power of the Starbucks brand, the success of our best-in-class mobile, social and digital technologies and our greatest asset – over 300,000 partners who deliver the Starbucks Experience to over 70 million customers around the world each week – position us to continue growing our business around the world and into the future."
SBUX’s Dividend
SBUX last quarterly dividend of $0.26 was paid on May 23. We expect the company to declare its next quarterly dividend at the end of July.
Stock Performance
SBUX ended Thursday’s trading session 1.66% higher. The stock is up 2.55% YTD.
SBUX Dividend SnapshotTop 10 Financial Stocks To Watch Right Now
As of Market Close on July 24, 2014
Click here to see the complete history of SBUX dividends.
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