Categories AlphaGraphs, Consumer, Earnings

SBUX Earnings: All you need to know about Starbucks’ Q4 2023 earnings results

Starbucks Corporation (NASDAQ: SBUX) reported fourth quarter 2023 earnings results today.

Consolidated net revenues increased 11% to $9.4 billion versus the same period a year ago.

Global comparable store sales grew 8%.

Net earnings attributable to Starbucks rose 39% to $1.22 billion, or $1.06 per share, from last year. Adjusted EPS grew 31% to $1.06.

Both revenue and earnings beat expectations, sending the stock up over 7% in premarket hours on Thursday.

The company opened 816 net new stores in Q4, ending the period with 38,038 stores.

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