Categories AlphaGraphs, Earnings, Other Industries

Starbucks (SBUX) stock falls after Q4 earnings

Starbucks (NASDAQ: SBUX) reported fourth-quarter 2020 financial results after the closing bell on Thursday. The coffee chain reported an 8% decline in Q4 revenues to $6.20 billion, which was better than the Wall Street consensus. Earnings of $0.51 per share also surpassed average analysts’ estimates by 20 cents.

SBUX shares fell 1% immediately following the announcement. The stock has traded almost flat so far this year.

starbucks Q4 2020 earnings.

Looking forward to listening to management/ analyst comments on Q4 results? Stay tuned here for Starbucks Q4 2020 earnings call transcript

CEO Kevin Johnson said, “The guiding principles we established at the onset of the pandemic, combined with our industry-leading digital platform and our ability to innovate rapidly, continue to fuel our recovery and provide confidence in a robust operating outlook for fiscal 2021. “

Prior performance

Most Popular

Lyft (LYFT) expects average ride volumes to improve through Q1 2021

Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of

With new strategy in place, Target looks poised to tap growing online demand

Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered

Infographic: Dollar Tree’s (DLTR) performance in Q4

Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top