Starbucks reports stronger-than-expected revenue in Q4 but falls short on earnings per share, highlighting mixed results for the coffee giant.
Breakdown
- Starbucks missed Q4 EPS estimates with 52 cents adjusted versus 56 cents expected. 12s
- Revenue beat expectations at $9.6 billion compared to $9.35 billion estimated. 17s
- Global comparable sales rose 1%, better than the expected 0.3% decline. 26s
- North American comparable sales were flat, but U.S. comps turned positive in September. 32s
- International comparable sales increased 3%, with China up 2%. 46s