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Starbucks (NASDAQ:SBUX) Misses Q1 Revenue Estimates, Stock Drops [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
It made a non-GAAP profit of $0.68 per share, down from its profit of $0.74 per share in the same quarter last year. Is now the time to buy Starbucks? Find out in our full research report Starbucks (SBUX) Q1 CY2024 Highlights: Revenue: $8.56 billion vs analyst estimates of $9.16 billion (6.5% miss) EPS (non-GAAP): $0.68 vs analyst expectations of $0.80 (15.2% miss) Gross Margin (GAAP): 25.6%, down from 26.2% in the same quarter last year Free Cash Flow of $629.9 million, down 64.8% from the previous quarter Same-Store Sales were down 4% year on year Store Locations: 38,951 at quarter end, increasing by 2,317 over the last 12 months Market Capitalization: $100 billion “In a highly challenged environment, this quarter's results do not reflect the power of our brand, our capabilities or the opportunities ahead,” commented Laxman Narasimhan, Chief Executive Officer. Started by three friends in Seattle's historic Pike Place Market, Starbucks (NASDAQ:SBUX) is a globall
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