Categories AlphaGraphs, Consumer

SBUX Earnings: All you need to know about Starbucks’ Q3 2022 earnings results

Starbucks Corporation (NASDAQ: SBUX) reported third quarter 2022 earnings results today.

Consolidated net revenues rose 9% year-over-year to $8.2 billion. Global comparable store sales increased 3%.

Net earnings attributable to Starbucks decreased 21% to $913 million while EPS dropped 18.6% to $0.79. Adjusted EPS was $0.84.

Both revenue and earnings beat estimates.

The company’s guidance remains suspended for the balance of this fiscal year.

Starbucks’ shares were up over 1% in aftermarket hours on Tuesday.

Prior performance

Starbucks Q2 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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