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Starbucks' overall revenue is up 11% to nearly $9.4 billion, higher than the $9.28 billion expected from Wall Street, while adjusted earnings per share came in at $1.06, which also beat estimates ...
Starbucks said its revenue rose 8% to a record $9.43 billion for the October-December period. ... The Seattle coffee giant said Tuesday it now expects revenue to increase between 7% and 10% in its ...
Same-store sales — or sales at stores open at least a year — jumped 46% in China, reversing last year’s declines due to COVID restrictions. Starbucks reports record revenue as China booms ...
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.
This past year, Starbucks’ revenue stagnated, growing less than 1%, while operating income faltered about 8%. While some workers will be eligible for merit raises, senior and executive ...
The company also revised its 2024 outlook for the third time this fiscal year. As of Q2, Starbucks expects 2024 global revenue growth of low-single digits, down from the previous range of 7% to 10 ...
Starbucks’ strong quarter saw it outperform expectations on revenue, which was $9.37 billion compared to an expected $9.29 billion. The $36 billion in revenue it had in fiscal 2023 represented a ...
At its investor day last September, Starbucks projected earnings per share growth of 15% to 20% annually over the next three years and annual same-store sales growth of 7% to 9%.