Starbucks Corporation (NASDAQ: SBUX) reported third quarter 2023 earnings results today.
Consolidated net revenues of $9.2 billion were up 12% from the prior-year quarter. Global comparable store sales increased 10%.
Net earnings attributable to Starbucks increased 25% year-over-year to $1.1 billion, or $0.99 per share. Adjusted EPS of $1.00 grew 19% YoY.
Both revenue and earnings beat estimates.
The company opened 588 net new stores in Q3, ending the period with 37,222 stores.
The stock was down slightly in aftermarket hours on Tuesday.
Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business
Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications