Starbucks Exceed Earnings, Chinese Concepts Up

  • It is expected that the revenue in fiscal year 2021 will be between $28 billion and $29 billion.
  • Popular Chinese concept stocks generally rose, and new energy auto stocks rose collectively.
  • New Oriental officially announced on October 28 that it will be listed on the Hong Kong Stock Exchange.

On Thursday, Starbucks announced the company’s fourth quarter financial report. Starbucks’ fourth-quarter revenue was $6.203 billion, a decrease of 8.1% from last year. Among them, revenue in the Americas was $4.233 billion, a decrease of 9% from last year. International revenue was $1.492 billion, a decrease of 5%.

Starbucks drinks

In addition, channel development department revenue was $464 million, a decrease of 9% this year.

Total operating expenses were $5.757 billion, basically the same as last year. Net profit was $393 million this year, a decrease of 51.1%. The diluted earnings per share was $0.33, a year-on-year decrease of 50.7%.

It is expected that the revenue in fiscal year 2021 will be between $28 billion and $29 billion. The earnings per share in the first quarter of 2021 are expected to be between $0.32 and $0.37, and the full-year earnings per share will be between $2.34 and $2.54.

As of the end of the fourth fiscal quarter, about 98% of the stores operated by Starbucks Global have resumed operations, including 97% in the United States, 99% in China, 99% in Japan, and 97% in Canada.

As of the end of fiscal year 2020, the company opened 581 stores in China, where the fourth quarter of fiscal year 2020 has opened 259 stores in China. The company opened 480 new stores in the fourth quarter, and has opened 32,660 stores worldwide. Of these, 51% are self-operated and 49% are officially authorized.

After the earnings report was released, Starbucks rose 1.6% after the market, and then turned down.

Popular Chinese Concept Stocks Rose More than 16%

NIO ES8 Vehicle

Popular Chinese concept stocks generally rose, and new energy auto stocks rose collectively. Weilai Motor rose more than 16%, and its stock price set a record high for closing.

The stock has risen by nearly 700% so far this year, ideal car has risen more than 10%, Xiaopeng Motors Rose more than 8%. MINISO had just listed on the New York Stock Exchange on October 15.

After being listed on the New York Stock Exchange, MINISO held a quality strategy conference in Guangzhou on October 27 with the theme of “A Good Life, Affordable Quality.”

At the press conference, Ye Guofu, the founder and CEO of MINISO, announced that he would invest nearly $15 million to set up the “Miniso 100 million Quality Guarantee Fund.” The fund will pay consumers first when product quality problems occur.

After 14 years of listing on the New York Stock Exchange, New Oriental, one of the established domestic education and training institutions, Education Technology Group (NYSE stock code: EDU) officially announced on October 28 that it will be listed on the Hong Kong Stock Exchange.

This “official announcement” not only confirmed the frequent rumors that New Oriental plans to return to Hong Kong for a second listing, but also made it the first Chinese education stock to return to Hong Kong. The consideration of the capital market, New Oriental, which has double profits, needs to find a new way to break the bottleneck.

New Oriental announced on the Hong Kong Stock Exchange that the number of shares offered for the global offering is 8,510,000 shares. The number of Hong Kong offer shares is 510,600 shares. The number of international offer shares is 7,999,400 shares. Highest public offering price of HK $ 1399.00 per offer share.

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Joyce Davis

My history goes back to 2002 and I  worked as a reporter, interviewer, news editor, copy editor, managing editor, newsletter founder, almanac profiler, and news radio broadcaster.

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