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Revenue was flat year over year at $9.4 billion, versus estimates of $9.32 billion. Earnings per share of $0.69 were a 23% drop compared to the same quarter a year ago, but higher than the $0.66 ...
Starbucks missed the mark on sales again as it reported its numbers Tuesday after market close.Q3 revenue fell 1% to $9.1 billion, lower than expectations of $9.2 billion, per Bloomberg consensus ...
Starbucks reiterated that it plans to have 9,000 stores in China by 2025, up from nearly 7,000 today. Starbucks said its net income rose 20% to just over $1 billion, or 90 cents per share.
The company said it plans to expand to 35,000 locations outside of North America by 2030. Starbucks currently has roughly 20,200 international cafes, as of Oct. 1.
Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. But the Seattle coffee giant expressed optimism Tuesday that successful new products and improvements in efficiency — including faster drive-thru service and better equipment — will help turn things around in its next fiscal year, which begins later this fall.
Revenue of 9.4 billion was flat from the prior year. Global comparable store sales declined 4%, and that was largely driven by weak sales in the US. Operating margins, they contracted by about 380 ...
Starbucks shares ended 2024 down 5% compared to a 23% advance for the S&P 500 . McDonald's ( MCD ) shares finished the year up slightly. A Starbucks coffee shop is seen in Yichang City, Hubei ...
Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life. Starbucks shares were down 1% in after-market trading Tuesday. Same-store sales — or ...