Starbucks second-quarter earnings to fall 46% as coronavirus hits sales [MSNBC.com]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: MSNBC.com
StarbucksThe company's stock fell 2% in extended trading. Shares, which have a market value of $84 billion, have fallen 18% so far in 2020, as of Wednesday's close.Starbucks said it expects to earn 28 cents in the second quarter."This includes inventory write-offs, honoring supplier obligations, store safety-related items, asset impairments and preliminary estimates of certain government stimulus program benefits," the company said.On an adjusted basis, earnings per share will be 32 cents, down from 60 cents per share in the year-ago period.The global coffee chain also withdrew its outlook for fiscal 2020, citing the "dynamic nature" of the coronavirus crisis. Its fiscal 2020 revenue was expected to rise between 6% and 8% and global same-store sales growth was forecast to be in a range of 3% to 4%.Starbucks said that U.S. same-store sales fell 3% during the quarter, "reflecting the very rapid onset of COVID-19 business impacts in the final three weeks of the quarter." In the quarter u
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website