Thursday, February 14, 2013

Starbucks shares rise on strong sales | Redux

Starbucks shares rise on strong sales

Bury St Edmunds 31-05-10
Bury St Edmunds 31-05-10 by Dave Catchpole
License (according to Flickr): Attribution License
Excerpt:

NEW YORK (CNNMoney) -- Starbucks served up some encouragement to investors Thursday with quarterly results that showed strong sales growth. The Seattle-based chain posted earnings close to analyst estimates. More reassuring was news that same-store sales rose 6%, and that the company increased its dividend from 17 cents to 21 cents a share. Shares jumped 7% in after-hours trading, a different story from three months ago, when the company reported lackluster results that it attributed in part to global economic challenges. "I think the market overreacted last quarter to a mild slowdown in U.S. stores that obscured the long-term potential of this business," said R.J. Hottovy, an analyst with Morningstar. Starbucks (SBUX, Fortune 500) is expanding aggressively internationally, with plans to open 600 new stores in the Asia-Pacific region during its 2013 fiscal year, including more than 300 in China.

People:

R.J. Hottovy

Overall Sentiment: 0

Relevance: 0.300126

SentimentQuote
-0.0625635"I think the market overreacted last quarter to a mild slowdown in U.S. stores that obscured the long-term potential of this business," said R.J. Hottovy, ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: -0.0625635
  • Mean: -0.0625635
  • Standard Deviation: 1.4142135623731

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

City: NEW YORK

Overall Sentiment: 0.107609

Relevance: 0.382943

GeographicFeature: Green Mountain

Overall Sentiment: 0

Relevance: 0.314907

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