Retail
Strong Sales Gains for Starbucks, Growing Stores and Traffic, and Dividend Hike
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Thomson Reuters was calling for $0.45 in earnings per share and revenue of $3.39 billion.
Guidance for the full year of 2013 came in at $2.06 to $2.15 per share, but the estimate we saw was $2.13 per share. In the coming year Starbucks is opening close to 1,200 new stores. A dividend hike of about 24% is not hurting the stock either. That will put its dividend up above 1.8%.
Starbucks shares rose by 1.5% to $46.62 on the day and shares are currently up close to 6% at $49.36 in the after-hours trading session.
JON C. OGG
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