Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today.
Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.
Global comparable store sales increased 5%.
Net earnings attributable to Starbucks increased 4.8% to $855.2 million while EPS rose 7.2% to $0.74 compared to last year. Adjusted EPS grew 4% to $0.75, but fell short of estimates.
The company opened 459 net new stores in Q1, ending the period with 36,170 stores globally.
The stock was down over 3% in aftermarket hours on Thursday.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
