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Starbucks Exec Says Q4 Results Were Enabled In Part By Solid Execution During Our Holiday Season - Conf Call


Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Starbucks Corp ::EXEC - Q4 RESULTS WERE ENABLED IN PART BY SOLID EXECUTION DURING OUR HOLIDAY SEASON - CONF CALL.EXEC - OUR PARTNERSHIP WITH UBER EATS IS GAINING MOMENTUM - CONF CALL.EXEC - WE EXPECT TO BRING DELIVERY TO NEARLY 1/4 OF OUR U.S. COMPANY-OPERATED STORES BY APRIL - CONF CALL.EXEC - BETWEEN DIGITALLY REGISTERED & ACTIVE REWARD CUSTOMERS, WE ARE NOW APPROACHING 30 MILLION DIGITAL CONNECTIONS IN THE U.S. - CONF CALL.EXEC ON CHINA - WE EXPECT COMPETITION TO REMAIN HIGHLY PROMOTIONAL AND DISRUPTIVE - CONF CALL.EXEC - STARBUCKS DELIVERS IS ALREADY CONTRIBUTING MID-SINGLE-DIGIT TRANSACTION MIX IN OUR KEY MARKETS OF BEIJING AND SHANGHAI - CONF CALL.EXEC - FOR SECOND CONSECUTIVE QUARTER, BEVERAGE, OUR HIGHEST-MARGIN CATEGORY, WAS THE PRIMARY DRIVER OF U.S. COMP GROWTH- CONF CALL.EXEC - WILL LAP THE EAST CHINA ACQUISITION AT Q2 BEGINNING, AT WHICH POINT WE WILL NO LONGER SEE THE Y-O-Y BENEFIT TO OUR TOTAL REVENUE GROWTH - CONF CALL.EXEC - CO TO YIELD SIGNIFICANTLY LOWER REVENUE GROWTH IN Q2 COMPARED TO Q1- CONF CALL.EXEC - ALSO EXPECTS NON-GAAP OPERATING MARGIN PERCENTAGE TO BE LOWER IN Q2 COMPARED TO Q1- CONF CALL.EXEC - EXPECT OUR NON-GAAP OPERATING MARGIN PERCENTAGE TO BE HIGHER IN SECOND HALF OF THE YEAR COMPARED TO FIRST HALF- CONF CALL.EXEC - WE'RE VERY ENCOURAGED BY WHAT WE'RE SEEING ON DELIVERY PLATFORM THROUGH STARBUCKS DELIVERS AND THROUGH OUR PARTNERSHIP WITH ALIBABA - CONF CALL. 

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