From StockTwits: 2025-01-29 03:12:14

Starbucks reported a 4% decline in same-store sales in the U.S., largely due to an 8% drop in comparable transactions. Despite this, the coffee giant’s shares rose 0.40% in after-hours trading following better-than-expected first-quarter earnings. Earnings per share stood at $0.69, beating consensus estimates, with revenue of $9.4 billion also surpassing expectations. Operating income for Q1 saw a decrease to $1.2 billion, with an operating margin of 16.7%, down from 21.4% the previous year. Starbucks opened 377 net new stores in the quarter, with 40,576 stores in total. The stock is up 10% year-to-date.



Read more at StockTwits: Starbucks Stock Rises On Q1 Earnings Beat, CEO’s Turnaround Strategy: Retail’s Not Convinced