Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8% [The New York Times]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: The New York Times
Throughout the Covid pandemic, various supply chain issues and high inflation, Starbucks could still count on its consumers to buy their iced oat milk lattes. But that economic certainty may be in doubt after the coffee giant reported weaker-than-expected revenue and earnings in the latest quarter.Starbucks said on Tuesday that global revenue fell 1.8 percent, to $8.56 billion, while net earnings slid 15 percent, to $772.4 million, in the three months that ended March 31. The company’s executives blamed some of the declines in the United States on poor weather and fewer customer visits to its stores.Starbucks also lowered its revenue and earnings growth for the full year, reflecting the difficulties in the quarter. In after-hours trading, its stock was down more than 12 percent.“In a highly challenged environment, this quarter’s results do not reflect the power of our brand, our capabilities or opportunities ahead,” Laxman Narasimhan, the chief executive of Starbucks, said in a statem
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 5/21/24 - Form 144
- 5/17/24 - Form 4
- 4/30/24 - Form 10-Q
- SBUX's page on the SEC website