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As of Q2, Starbucks expects 2024 global revenue growth of low-single digits, down from the previous range of 7% to 10%, which itself was down from a prior guidance of 10% to 12%.
Starbucks recently released its fiscal 2024's second-quarter earnings report, in which the beverage retailer generated $8.6 billion in revenue. That marked a 2% year-over-year decline, partly ...
Earnings breakdown . Here's what Starbucks reported, compared to estimates based on Bloomberg consensus data: Revenue: $9.1 billion versus $9.2 billion Adjusted earnings per share: $0.93 versus $0 ...
Starbucks reported fiscal second quarter 2023 earnings results that beat estimates on Tuesday, May 2 after market close. In its fiscal second quarter, Starbucks posted U.S. same-store sales that ...
In Q2, the North America division of Starbucks saw a 3% drop in same-store sales. This was comprised of a 4% increase in average ticket and a 7% drop in transactions.
It's also forecasting flat to low-single digit earnings growth, down from 15% to 20%. Narasimhan said Starbucks will try to boost U.S. store traffic this summer with new drinks, including the ...
Starbucks' most recent quarter showed a 4% drop in global same-store sales as the company pulled back on discounts and consumers shunned the long lines at the chain. North America and US same ...
The chain's shares fell 14% following its Q2 earnings results, when it reported its first quarterly sales decline since 2020. ... analyst Brian Harbour wrote that most would agree with Starbucks ...