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Starbucks Rises On Strong Results, Dividend Hike

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Starbucks Rises On Strong Results, Dividend Hike
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  • Starbucks Corporation (NASDAQ: SBUX) reports Q4 EPS of $0.56, beating the Street’s consensus by $0.01.
  • Revenue of $5.71 billion, up 16.3 percent year-over-year, also comes in $30 million ahead of expectations.
  • Management guided for FY 2017 adjusted EPS of $2.12 to $2.14, below expectations for $2.16 in EPS.
  • Management said it expects sales growth in the double-digits range.
  • Quarterly dividend was hiked from $0.20 per share to $0.25 per share.
  • Shares are trading up 2.8 percent in Thursday’s after-hours session.

Posted-In: Earnings News Guidance After-Hours Center Movers Best of Benzinga

 

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