From Barchart: 2024-10-31 10:33:00

Starbucks (NASDAQ:SBUX) reported disappointing fourth-quarter results, causing shares to drop over 1% intra-day. Earnings per share were $0.80, lower than the expected $1.03, with revenue at $9.07 billion, missing the forecasted $9.38 billion and marking a 3% decline. Global comparable store sales fell 7%, driven by an 8% decrease in transactions.

North America saw a 6% decrease in comparable store sales, with transactions down 10% but average ticket size up 4%. The challenges in customer experience and reduced store traffic impacted Starbucks’ performance in Q4.



Read more at Barchart:: Starbucks Shares Dip 1% on Q4 Earnings Miss