tacobell fan Posted January 24, 2019 Report Posted January 24, 2019 Starbucks reported same-store sales Thursday that beat analysts’ expectations. Shares of the company ticked up 3 percent. The coffee giant reported revenue of $6.63 billion, beating Refinitiv estimates of $6.49 billion for the quarter. Starbucks said net income fell to $760.6 million, or 61 cents per share, from $2.25 billion, or $1.57 per share, from the previous year. The company said on a non-GAAP basis it earned 75 cents per share. Starbucks narrowed its outlook for fiscal 2019, saying it now expects same-store sales growth to be between 3 and 4 percent globally. At its investor day in December, the company reaffirmed its previous outlook of same-store sales growth near the lower end of 3 to 5 percent. Quote
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