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
Earnings Infographic: Highlights of Nike’s Q3 2023 results
Sportswear giant Nike, Inc. (NYSE: NKE) on Tuesday reported a decrease in earnings for the third quarter of 2023, when its revenues increased by 14%. Third-quarter net income was $1.24
Signet Jewelers (SIG) expects a challenging environment for the jewelry industry in FY2024
Shares of Signet Jewelers Limited (NYSE: SIG) were up over 1% on Tuesday. The stock has gained 10% year-to-date and 12% over the past three months. The company saw its
Foot Locker (FL) to revamp brands; sees turnaround this year
After an unimpressive holiday quarter performance, athletics apparel retailer Foot Locker, Inc. (NYSE: FL) is on a drive to reset the brand for serving a broader customer base. It is
