Barron's says Starbucks Still has Legs on Cost Cutting (SBUX)

Sat. November 07, 2009; Posted: 11:11 AM

Nov 07, 2009 (SmarTrend(R) News Watch via COMTEX) -- SBUX | Quote | Chart | News | PowerRating -- 11/7/2009-According to a Barron's writer Tiernan Ray, Starbucks (NASDAQ:SBUX) shares has the legs to keep moving higher. Ray wrote a piece entitled "Starbucks to Keep Shining," which discusses the gourmet coffee maker's most recent quarterly results, which came in better-than-expected and better than the year-ago figures (EPS of 24 cents, topping estimates of 21 cents). As a result, the stock is currently trading at its 52-week high and Ray believes it can keep moving higher since its same-store sales fell only 1% in the quarter, vs. consensus estimates for a 1.6% decline. Furthermore, Ray writes that the company has become very good at cutting costs and Starbucks faced the realization that having a store on every corner was cutting into its profits and reduced total stores by 45 locations.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Starbucks Corporation (SBUX) click here. Starbucks Corporation (SBUX) has Short Term PowerRatings of 5. Details on Starbucks Corporation (SBUX) Short Term PowerRatings is available at This Link.

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