Starbucks (SBUX) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.90 per share a year ago.
Starbucks (SBUX) exceeded first quarter revenue expectations, reporting $9.40 billion against analysts' estimates of $9.31 billion. BTIG managing director and restaurant analyst Peter Saleh joins Julie Hyman and Josh Lipton on Market Domination Overtime to discuss the company's results and growth trajectory.
Starbucks beats earnings estimates with $0.69 EPS and $9.4B revenue as same-store sales drop 4%. U.S. traffic slips 8%, China sales fall 6%.
World's largest coffee chain in drive to boost sales and win back customers as new CEO urges ‘fundamental change'
Starbucks (SBUX) reported fiscal first-quarter results that topped analysts' expectations, sending shares higher in extended trading Tuesday.
Nick Setyan, Wedbush Managing Director, joins 'Closing Bell Overtime' to talk Starbucks' quarterly results.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) stock moved higher afterhours as the coffee giant reported better-than-expected results for the fiscal first quarter, the first full quarter under the leadership of new CEO Brian Niccol. For the period which ended December 29, 2024, Starbucks reported earnings per share of $0.69, above estimates of $0.66.
Starbucks reported first-quarter earnings late Tuesday. The results beat expectations, although comparable sales still fell.
Shares of Starbucks Corp. rallied after hours Tuesday after the coffee chain reported quarterly results that beat expectations, as it tries to revive sales following a year marked by cautious consumers.
Starbucks sales have slumped as consumers in the U.S. and China, its two largest markets, have opted to get their caffeine fix elsewhere. CEO Brian Niccol outlined some early steps to turn around the business on the company's last earnings call.
Starbucks is scheduled to report earnings after today's close. The stock hit a record high of $126.32/share in 2021 and is currently trading near $99/share.
Starbucks is adding two more Taco Bell alumni to its leadership team. CEO Brian Niccol said the company is changing the operating model for its retail team, which led to the shakeup.