CNBC Television Starbucks’ revenue miss: Wedbush analyst

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Nick Setyan, Wedbush Securities senior analyst, joins ’Closing Bell to discuss his thoughts on Starbucks shares, which are moving lower after-hours. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Starbucks on Tuesday reported that its U.S. same-store sales fell 5% during its fiscal first quarter after a surge of new Covid-19 cases led to harsher dining restrictions. The company also announced that COO Roz Brewer will be leaving Starbucks at the end of February to become chief executive of another publicly traded company. Her responsibilities will be split up among other members of the existing leadership team. Shares fell about 1% in extended trading. Here’s what the company reported for the quarter ended Dec. 27 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 61 cents, adjusted, vs. 55 cents expected Revenue: $ billion vs. $ billion expected The company reported fiscal first-quarter net income of $622.2 million, or 53 cents per share, down from $885.7 million, or 74 cents per share, a year earlier. Excluding items, the coffee giant earned 61 cents per share, topping the 55 cents per share expected by analysts surveyed by Refinitiv. Net sales dropped 5% to $ billion, falling short of expectations of $ billion. Worldwide, the company’s same-store sales fell 5%. The chain saw 19% fewer transactions during the quarter, but the average ticket jumped 17%. In the U.S., same-store sales fell by 5%. The company’s recovery in its home market was hampered by another surge of new Covid-19 cases as the temperatures grew colder. The number of Starbucks Rewards members who have been active in the last 90 days rose 15% to 21.8 million people. In China, Starbucks’ second-largest market, same-store sales turned positive for the first time since the health crisis started. Its same-store sales rose 5%, although transactions still declined compared with the same time a year ago. The company opened 278 net new cafes during the quarter and now has a footprint nearing 33,000 locations. Next quarter, Starbucks is forecasting U.S. same-store sales growth of 5% to 10%. In China, same-store sales are expected to nearly double. It expects to earn 36 cents to 41 cents per share. On an adjusted basis, it’s projecting earnings per share of 45 cents to 50 cents. The company also raised its outlook for its fiscal 2021 earnings. It now expects earnings per share between $ to $, up from its prior forecast of $ to $. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV