Starbucks Reports Q4 Non-GAAP EPS Of $0.74 - Quick Facts

(RTTNews) - Starbucks Corporation (SBUX) reported fourth-quarter net profit to company of $587.9 million or $0.77 per share, compared to a loss of $1.23 billion or $1.64 per share, last year. Non-GAAP net earnings per share was $0.74 for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.74 for the quarter. Analysts' estimates typically exclude special items.

Total net revenues were $4.18 billion, compared to $3.79 billion, a year ago. Consolidated net revenues increased 10%, driven primarily by 5% growth in global comparable store sales and incremental revenues from 1,599 net new store openings over the past 12 months, the company said. Analysts expected revenue of $4.23 billion for the quarter. The Board of Starbucks declared a cash dividend of $0.32 per share, an increase of 23%.

For fiscal 2015, the company targets revenue growth to be 16% - 18%, including over $1 billion in incremental revenue from the planned acquisition of Starbucks Japan. Global comparable store sales growth continues to be targeted in the mid-single digits. Earnings per share on a GAAP basis are expected to be in the range of $3.42 to $3.54; EPS on a non-GAAP basis expected to be in the range of $3.08 to $3.13. Analysts expect the company to report fiscal 2015 earnings per share of $3.16 on revenue of $18.43 billion.

The company expects its first-quarter EPS on a GAAP basis to be in the range of $1.20 to $1.28; and EPS on a non-GAAP basis to be in the range of $0.79 to $0.81. Analysts expect the company to report first-quarter earnings per share of $0.83.