on Starbucks 09.30 NASDAQ: SBUX Reports of global store sales fell 40% during the quarter against -42.8% consensus. The average ticket increased by 23%, and transaction growth was -51% during the quarter.
Comparable sales in America fell 41%, exceeding consensus expectations for a fall of 43%. International comparable sales fell 37% to -42.5% by consensus.
Active membership in the Starbucks Rewards in the United States fell 5% to 16.3 million during the quarter due to declining customer frequency, primarily due to the temporary closure of stores and other consequences associated with the outbreak of COVID-19.
The company’s consolidated operating margin fell to -12.6% of sales against 18.3% a year ago.
Looking ahead, Starbucks expects comparable global sales growth of -12% to -17%, and EPS – from 0.83 to 0.98 dollars. US against the consensus of $ 0.81
Starbucks is scheduled to hold conference calls at 17:00 ET.
SBUX + 2.10% AH to $ 76.20. The stock tracks the S&P 500 index and wide retail sales throughout the year.
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