Starbucks (SBUX) earnings report: revenue misses expectations, EPS declines, stock drops

Starbucks Corporation (NASDAQ: SBUX) has reported a revenue miss in its Q1 2024 earnings report, disappointing investors and causing the SBUX stock price to drop by over 10% in the market after hours.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company’s consolidated net revenues for the quarter were down 2% to $8.6 billion, falling short of market expectations. The decline was attributed to a challenging operating environment faced by the coff ...