Categories AlphaGraphs, Consumer, Earnings

Lacklustre results from Starbucks in Q1, shares slip

Starbucks (NASDAQ: SBUX) reported first-quarter 2021 financial results after the regular market hours on Tuesday. The coffee chain reported first-quarter revenue of $6.75 billion, down 5% year-over-year and lower than the Wall Street projection. Meanwhile, net income of $0.61 per share was higher than what analysts had anticipated.

SBUX shares fell 1% immediately following the announcement. The stock has gained 18% in the trailing 12 months.  

Starbucks Corp Q1 2021 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Starbucks Q1 earnings call transcript

“Our results demonstrate the continued strength and relevance of our brand, the effectiveness of the actions we’ve taken to adapt to changes in consumer behavior and the steadfast commitment of our green apron partners to serve our customers and communities,” CEO Kevin Johnson said in a statement.  

Prior performance

  • starbucks Q4 2020 earnings.
  • Starbucks Corp Q3 2020 earnings
  • Starbucks Q1 2020 earnings highlights

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