The Traderszone Network

Published in TZ Latest News 29 October, 2015 by The TZ Newswire Staff

Starbucks cafe sales hot, but holiday forecast disappoints

Starbucks estimated earnings for this fiscal first quarter of 44 cents to 45 cents, excluding items, saying the period would bear the biggest brunt of an expected hit from the strong U.S. dollar. Analysts on average had a target 47 cents for the quarter, the company’s biggest for revenue, according to Thomson Reuters I/B/E/S. Starbucks shares bounced back during executives’ call with analysts, many of whom say the company is known to issue conservative forecasts at the start of its fiscal year.