.July 31, 2024 06:15:33 AM

In summary, Starbucks reported a slight decrease in revenue to $9.11 billion and a drop in EPS from $1.00 to $0.93 for the quarter ended June 2024. Comparable Store Sales in North America decreased by 2%, while internationally, there was a 7% decline. The company faces challenges in expanding its international market presence, with a notable decline in international net revenues by -6.6%. Despite meeting the consensus EPS estimate, Starbucks’ stock performance reflects investor caution, with a -2.5% return over the past month and a Zacks Rank #4 (Sell).