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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.