Starbucks Corp. (SBUX) reported fourth quarter net income of $150.0 million or $0.20 per share, compared to $5.4 million or $0.01 per share in the prior year period. Non-GAAP net income for the quarter was $184.1 million or $0.24 per share, compared to $71.0 million or $0.10 per share in the previous year quarter.
On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share. Analysts' estimates typically exclude special items.
Revenues for the quarter declined to $2.42 billion from $2.51 billion in the preceding year period. Fifteen Wall Street analysts expected revenues of $2.39 billion.
Looking forward, the company increased its non-GAAP earnings per share outlook for fiscal year 2010 to a range of 15% to 20% growth over fiscal 2009 non-GAAP earnings per share of $0.80. The company previously expected adjusted earnings growth in the range of 13% to 18%.
The company is targeting revenue growth in the low-to-mid single digits, driven by modestly positive comparable store sales.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.