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.