Starbucks Corp. SBUX just released its latest quarterly financial results, posting earnings of 53 cents per share and revenues of $6.03 billion.

Currently, SBUX is a Zacks Rank #3 (Hold), but that could change based on today’s results. Estimates have remained stable for the current year period, and the Zacks Consensus sits at $2.49 per share.

Shares of the coffee giant have decreased around 2.6% in the last year and closed the trading day up almost 3%. The stock is down about 2.2% in after-hours trading shortly after the earnings report was released.

Starbucks:

Matched earnings estimates. The company reported earnings of 53 cents per share, coming in line with the Zacks Consensus Estimate of 53 cents per share. EPS grew 18% year-over-year.

Beat revenues estimates. The company saw record revenues of $6.03 billion, topping our consensus estimate of $5.9 billion and growing 14% year-over-year.

Starbucks said that comp store sales were up 2% globally and in the U.S., while in China, comps were up 4%. Global comps were driven by a 3% increase in average ticket.

Active U.S. rewards membership grew 12% year-over-year to 14.9 million, while Mobile Order and Pay represented 12% of U.S. company-operated transactions.

The company reiterated its full year 2018 targets, and continues to expect 2-3% comparable store sales growth globally and non-GAAP EPS in the range of $2.48 to $2.53 per share. Consolidated revenue growth should be in the high single digits. Additionally, Starbucks plans to open 2,300 new stores globally.

“Starbucks Q2 of fiscal 2018 represented another quarter of record financial results, highlighted by accelerating momentum across our Americas business - particularly in the U.S., continued strong performance in China and our strongest comp growth in Japan in five quarters,” said Kevin Johnson, president and CEO. “At the same time we made measurable progress against each of the strategic initiatives that position Starbucks to continue delivering best-in-class operating and financial results long into the future.”

Here’s a graph that looks at Starbucks’ recent earnings performance:

Starbucks Corporation Price, Consensus and EPS Surprise

Starbucks Corporation Price, Consensus and EPS Surprise | Starbucks Corporation Quote

Starbucks purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipment primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships.