Starbucks Corporation (NASDAQ: SBUX) is set to publish its fourth quarter 2024 earnings results today after the closing bell.
Listen to Starbucks’ Q4 2024 earnings call live and read the real-time transcript
Last week, Starbucks issued preliminary guidance for Q4 2024. The company said consolidated revenue declined 3% year-over-year to $9.1 billion and global comparable store sales fell 7%.
GAAP EPS decreased 25% to $0.80 while adjusted EPS dropped 24% on a constant currency basis to $0.80 compared to last year.
Analysts’ projections were for earnings of $1.03 per share on revenue of $9.37 billion.