Categories AlphaGraphs, Consumer, Earnings
Starbucks (SBUX) Q1 2024 Earnings: Key financials and quarterly highlights
Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2024 earnings results today.
Consolidated net revenues increased 8% year-over-year to $9.4 billion but fell short of estimates of $9.6 billion.
Global comparable store sales increased 5%.
Net earnings attributable to Starbucks grew 19.8% to $1 billion while EPS rose 21.6% to $0.90. Adjusted EPS grew 20% to $0.90 but missed projections of $0.93.
The company opened 549 net new stores in Q1, ending the period with 38,587 stores.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of