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Starbucks Earnings Not Hot Enough For Investors

Starbucks Corp. (NASDAQ: SBUX) reported its fiscal fourth quarter financial results after the markets closed on Thursday. The coffee giant had $0.43 in earnings per share (EPS) on $4.9 billion in revenues versus Thomson Reuters consensus estimates that call for $0.43 in EPS on $4.90 billion in revenue. The same period from the previous year had $0.37 in EPS on $4.18 billion in revenue.

Global comparable store sales increased 7%, which was driven by a 3% increase in traffic. In terms of the breakdown Americas comparable sales increased 7%, China/Asia Pacific comparable sales increased 9%, and EMEA comparable sales increased 4%.

During the quarter, Starbucks opened 524 net new stores globally, including the first Starbucks stores in Panama and in...