Starbucks (SBUX) Stock Falls in After-Hours Trading After Fourth-Quarter Revenue Miss
NEW YORK (TheStreet) -- Shares of Starbucks (SBUX) - Get Starbucks Corporation Report were down 3.32% to $74.75 in after-hours trading Thursday after the chain of coffeehouses reported fourth-quarter revenue and comparable-store sales that came up just short of analysts' expectations.
Adjusted earnings totaled 74 cents a share, which matched the consensus estimate. Revenue totaled $1.18 billion, which narrowly missed analysts' expectations of $1.23 billion.
Comparable-store sales grew 5% in the quarter, while analysts had anticipated 6% growth.
Watch the video below for a closer look at Starbucks' latest quarterly results:
The stock had closed up 1.02% to $77.32 prior to the release of the earnings report after the market close.
TheStreet Recommends
Separately, TheStreet Ratings team rates STARBUCKS CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate STARBUCKS CORP (SBUX) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: SBUX Ratings Report
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