NEW YORK, NY / ACCESSWIRE / January 29, 2018 / Starbucks reported a dismal first quarter earnings last Thursday leading to shares closing down more than 4% on Friday. Shares of Colgate-Palmolive also closed down almost 5% after a dismal fourth quarter earnings report.

RDI Initiates Coverage on:

Starbucks Corporation
http://www.rdinvesting.com/report/?ticker=SBUX

Colgate-Palmolive Company
http://www.rdinvesting.com/report/?ticker=CL

Starbucks Corporation shares closed down 4.23% on almost 52 million shares traded this past Friday. It seems the holiday quarter wasn't so cheery for the coffee giant. The company reported its first quarter earnings last week with a lower than expected revenue and global same store sales growth. First Quarter revenue were reported at $6.07 billion compared with the street?s expectation of $6.18 billion. Global same store sales growth of 2% was also lower than the expected 3% growth. The Company also warned that 2018 global coffee sales would be at the low end of its forecast. Usually the holiday quarter is a huge quarter for the company but the holiday drinks this season just couldn't reel it in. "Holiday (limited-time offers) and merchandise did not resonate with our customers as planned," said Chief Executive Kevin Johnson. China however showed some great growth. China same-store sales were up 6% for the quarter. Looking ahead the company is expecting EPS of $2.48 to $2.53, previously it had forecast $2.30 to $2.33. Following the company's earnings report, it was removed from Goldman's conviction list. In other more optimistic news, the company has its eyes on blockchain and digital currency.

Access RDI's Starbucks Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=SBUX

Colgate-Palmolive Company shares closed down nearly 5% on Friday on nearly 13.2 million shares traded. Shares headed south after the company reported lackluster fourth quarter earnings results and gave a grim forecast for the year ahead. Colgate's revenue was $3.892 billion for the quarter while analysts had been looking for sales of about $3.93 billion. Adjusted EPS of $0.75 was in line with estimates. Revenue grew 4.5% YOY for the quarter which CEO Ian Cook cited was due to higher advertising investments across every operating division. He remarked, "We intend to increase our advertising investment in 2018 and to maintain the continuity of that investment throughout the year in support of new products, our base businesses and longer-term consumption-building activities." Traders may have been more concerned with the company's forecast for 2018. Net sales are estimated to increase in the mid-single-digit percent range, including low- to mid-single-digit organic sales growth.

Access RDI's Colgate-Palmolive Company Research Report at:
http://www.rdinvesting.com/report/?ticker=CL

Our Actionable Research on Starbucks Corporation (NASDAQ: SBUX) and Colgate-Palmolive Company (NYSE: CL) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com