Starbucks: Input Costs To Impact Earnings

  • January 28, 2011
Starbucks reported a 44% gain in net earnings for its fiscal first quarter, exceeding analysts' expectations. Net income totaled $346.6 million, or 46 cents per share, compared to $241.5 million, or 32 cents per share, in the same quarter last year.

However, the company said that higher coffee costs will have an unfavorable impact of 20 cents on full fiscal year earnings per share. Starbucks is forecasting full-year earnings of $1.44 to $1.47 per share. The company's share price declined after the forecast update.

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