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%.

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

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

Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02

Applied Materials (AMAT) Earnings: 2Q24 Key Numbers

Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS

What to expect when Macy’s (M) reports its Q1 2024 earnings results

Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024

Add Comment
Viewing Highlight