S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Starbucks (SBUX) Caffinated

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

bucksStarbucks (NASDAQ:SBUX) posted good earnings .  Revenue for the quarter ending September 28, 2009 was $2.4 billion compared to $2.5 billion in the same quarter. For the period, EPS was $.20 compared to $.01 last year.

The news that heartened investors was that Starbucks CFO said “we are increasing our non-GAAP EPS outlook for fiscal year 2010 to a range of 15% to 20% growth over fiscal 2009.”

Restructuring charges of $53.2 million for the quarter were nearly all due to lease exit and other costs associated with the closure of U.S. and International company-operated stores.

Starbucks said that it expected modest improvement in same-store sales in the fiscal year that begins with the current quarter.

Starbucks traffic is a reasonable proxy for discretionary spending among middle class and upper class Americans. It appears that the Starbucks forecast dovetails with a very modest improvement in the economy next year.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

A 71-Year-Old's $850,000 Home Is Her Biggest Retirement Asset. Downsizing Could Add $2,250 a Month
Drew Wood |

A 71-Year-Old's $850,000 Home Is Her Biggest Retirement Asset. Downsizing Could Add $2,250 a Month
Why The Money Guy's 25% Savings Rule Actually Starts at 15%
Ian Cooper |

Why The Money Guy's 25% Savings Rule Actually Starts at 15%

Continue Reading

Why Starbucks Earnings Failed to Please Investors
Paul Ausick |

Why Starbucks Earnings Failed to Please Investors

Starbucks beat estimates for both earnings and revenues, but same-store sales did not live up to analyst expectations in China.
Starbucks Grinds Out a Better Q1
Chris Lange |

Starbucks Grinds Out a Better Q1

Starbucks shares rallied after it reported better-than-expected fiscal first-quarter financial results late on Thursday.
Why Starbucks Earnings Are Tanking the Stock
Paul Ausick |

Why Starbucks Earnings Are Tanking the Stock

Starbucks missed revenue estimates and just made the adjusted earnings per share number. Not much of a miss, but enough…
Douglas A. McIntyre |

Turning Starbucks (SBUX) Into A Bar

Starbucks (SBUX) posted bad earnings for last quarter.  Over the last 2 years Starbucks expanded extensively, refusing to recognize that…
Douglas A. McIntyre |

As Starbucks Stores Brim To Overflowing, Investors Sell The Stock

The stock market was unsettled by Starbucks quarterly results. Revenue rose a very modest 9% to $2.6 billion, which is…
Douglas A. McIntyre |

Is Starbucks Making the Same Expansion Mistake Twice? (SBUX, MCD)

Does the US consumers’ taste for coffee translate well into Chinese? It looks like Starbucks Corp. (NASDAQ: SBUX) is determined…
Douglas A. McIntyre |

Starbucks (SBUX) Chases The Economy Towards Its Bottom

Starbucks (SBUX) posted its first loss as a public company but gave investors something to hang on to. It reaffirmed…
Paul Ausick |

Starbucks Earnings In Line, Outlook Doesn’t Impress

courtesy of StarbucksStarbucks Corp. (NASDAQ: SBUX) reported fiscal 2013 first quarter results after markets closed today. For the quarter, the…
Douglas A. McIntyre |

Harley-Davidson: A Big Brand with Tiny Sales

Somehow Harley-Davidson (NYSE: HOG) made it onto the Interbrand list of Best Global Brands 2011. With a valuation of $3.5 billion, it…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618