Starbucks’ Q3 Earnings: Price Hike & Consumer Product Segment Drive Sales – Forbes

Case-Shiller Reports Slowing House Price Growth – Yahoo Finance

Diluted EPS in the fourth quarter is expected to be in the range of $0.76 to $0.78. With an improved pace of expansion, the company has updated its expected net new stores count to approximately 1,550. Excellent Top-line Performance Coffee Price Hike Drives Sales Growth In the third quarter, Starbucks decided to raise the prices of its coffee menu, responding to soaring coffee bean prices. The company raised prices on some of its drinks by 5 to 20 cents, whereas it raised prices of its packaged coffee sold in supermarkets and other retail stores by $1 (8%) to $9.99 per bag.

That is the slowest growth since February 2013. The index tracks prices on a three-month rolling average. May represents the three-month average of March, April and May prices.


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