Goldman Sachs maintains its Buy rating on Starbucks Corporation after the company reported solid results amid the ongoing restaurant industry slump.
However, global same store sales of 4 percent missed consensus view of 4.8 percent. The world's largest coffee chain’s same-store sales in the U.S.-led Americas region rose 5 percent for the fourth quarter, in line with consensus. In the same quarter last year, both global and U.S. comps grew 8 percent.
For the first quarter, Starbucks expects EPS of $0.51–$0.52 (consensus: $0.55). For FY17, the company sees EPS of $2.12–$2.14 versus consensus expectations of $2.16.