Starbucks Reports Q4 EPS 70c, Consensus 70c

Starbucks SBUX reports Q4 revenue $6.7B, consensus $6.68B. Reports global comparable store sales up 5%, driven by a 3% increase in average ticket and a 2% increase in comparable transactions.

Americas and U.S. comparable store sales were up 6%, both driven by a 3% increase in average ticket and a 3% increase in comparable transactions. International comparable store sales were up 3%, driven by a 3% increase in average ticket and a 1% increase in transactions; China comparable store sales increased 5%, with comparable transactions up 2%. The company opened 630 net new stores in Q4, yielding 31,256 stores at the end of the quarter, a 7% increase over the prior year.