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
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
