Starbucks Second Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
investor.starbucks.com/ir-home/default.aspx
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Source: Yahoo! Finance
Net income: US$772.4m (down 15% from 2Q 2023). Profit margin: 9.0% (down from 10% in 2Q 2023). EPS: US$0.68 (down from US$0.79 in 2Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Starbucks Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 16%. Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Performance of the American Hospitality industry. The company's shares are down 16% from a week ago. Risk Analysis What about risks? Every company has them, and we've spotted 2 warning signs for Starbucks (of which 1 is potentially serious!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simp
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form 4
- SBUX's page on the SEC website