Categories AlphaGraphs, Consumer, Earnings
SBUX Earnings: All you need to know about Starbucks’ Q2 2024 earnings results
Starbucks Corporation (NASDAQ: SBUX) reported second quarter 2024 earnings results today.
Consolidated net revenues declined 2% year-over-year to $8.6 billion. On a constant currency basis, revenue declined 1%.
Global comparable store sales declined 4%.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/04/Starbucks-Q2-2024-Earnings-Infographic-791x1024.jpg)
GAAP net earnings attributable to Starbucks decreased 15% to $772.4 million while EPS fell 14% to $0.68. Adjusted EPS decreased 8% to $0.68.
Revenue and earnings missed estimates, sending the stock crashing over 9% in aftermarket hours on Tuesday.
The company opened 364 net new stores in Q2, ending the period with 38,951 stores.
Prior performance
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/01/Starbucks-Q1-2024-Earnings-Infographic-791x1024.jpg)
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
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed