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2Q15 Earnings Preview: Starbucks Up 18% since Last Quarter

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Nov. 20 2020, Updated 2:36 p.m. ET

Starbucks saw gains last quarter

Starbucks (SBUX) is expected to release its second-quarter 2015 earnings on April 23. Year-to-date as of April 20, the stock has increased 17%. SBUX has gained 18% since its last earnings release.

 

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Wall Street estimates for Starbucks in 2Q15

  • revenues – $4.5 billion
  • EBITDA (earnings before interest, taxes, depreciation, and amortization) – $942 billion with an EBITDA margin of 20%
  • adjusted net income – $493 million for EPS (earnings per share) of $0.33
  • 280 plus new units
  • same-store sales growth – down to 5.1%

On April 20, investment firm Sanford Bernstein reiterated its “outperform” rating for SBUX with a price target of $56. Barclays too left its rating unchanged at “equalweight” with a price target of $45 on April 16.

We’ll publish a post-earnings release report so be sure to mark your calendar and come back after April 23. We’ll also release earnings reports on McDonald’s (MCD), Brinker International (EAT), and Chipotle Mexican Grill (CMG).

Restaurant stocks fall under the consumer discretionary sector and are components of exchange-traded funds such as the Consumer Discretionary Select Sector SPDR Fund (XLY). XLY has 3% exposure to SBUX.

For more on the industry, check out our Restaurant page.

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