Starbucks also said Thursday that its board gave it permission to buy back 50 million more shares of stock.
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Separately Starbucks Corporation (NASDAQ:SBUX) is to release its third quarter earnings on Thursday.
The Mobile Order & Pay feature has already boosted the company’s earnings by 15% having accounted for 14% of the total orders over the past three months according to an RBC survey. (PEP) announced that they have entered into an agreement for the marketing, sales and distribution of a locally-relevant portfolio of Starbucks ready-to-drink coffee and energy products in Latin America. Meanwhile, EarningsWhisper.com reports a whisper number of $0.42 per share.
Starbucks shares gained 2.63 percent to $58.05 in the after-hours trading session.
Starbucks boss said this is the strongest and most remarkable quarter for the company’s 23 years in public service with the highest revenue ever recorded. The 52-week low of the share price is $35.385.
Total revenue climbed 18 per cent to US$4.88 billion in the quarter ended June 28, topping projections.
Full-year same-store sales rose 8% in the Americas, 3% in EMEA, and 11% in Asia/Pacific. The Street also expects Starbucks Corporation (NASDAQ:SBUX) to post a 6.2% increase in global same-store sales mostly driven by China and Asia Pacific Segment. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Schultz Howard D, Director officer (chairman and ceo) of Starbucks Corp, unloaded 200,000 shares at an average price of $52.83 on June 10, 2015.
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‘Starbucks very strong year over year financial performance in Q3 demonstrates our commitment to delivering best in class financial and operating results while at the same time investing in our future growth – building new stores, renovating existing stores, deploying new technology – investing in our partners and delivering an elevated Starbucks Experience to our customers, ‘ Starbucks CFO Scott Maw said in a statement. For the most recent quarter, Starbucks Corporation (NASDAQ:SBUX) reported earnings per share of $0.33 for the fiscal period ending on 2015-03-31, an earnings surprise factor of 0%. Previously, the company forecast full year earnings of $1.77 to $1.79 per share and adjusted earnings of $1.55 to $1.57 per share.
