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Starbucks Earnings Come in Cooler Than Expected to End Fiscal Year
SBUXStarbucks(SBUX) Investopedia·2024-10-30 20:55

Key Takeaways Starbucks reported 9.1billioninrevenue,lessthananalysts′expectations,alsomissingexpectationsfornetincomeandsame−storesales.Thejavagiant′sstockfellinlatetradingshortlyaftertheresultswerereleased.CEOBrianNiccolsaidthecoffeechainwouldworkhardtolurebackcustomers.Starbucks(SBUX)reporteddecliningsalesinitsmostrecentquarter,endingitsfiscalyearonadownnote.Thecoffeechain′snetrevenuefell39.1 billion in revenue, less than analysts' expectations, also missing expectations for net income and same-store sales. The java giant's stock fell in late trading shortly after the results were released. CEO Brian Niccol said the coffee chain would work hard to lure back customers. Starbucks (SBUX) reported declining sales in its most recent quarter, ending its fiscal year on a down note. The coffee chain's net revenue fell 3% to 9.1 billion, while comparable store sales ...