For the quarter ended December 2023, Starbucks (SBUX) reported revenue of $9.43 billion, up 8.2% over the same period last year. EPS came in at $0.90, compared to $0.75 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $9.55 billion, representing a surprise of -1.29%. The company delivered an EPS surprise of -2.17%, with the consensus EPS estimate being $0.92.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Starbucks is seeing its artificial intelligence data efforts boost its rewards program effectiveness, incentivizing consumers to spend more and visit more often.On a conference call Tuesday (Jan. 30) accompanying the coffeehouse giant’s first-quarter fiscal 2024 earnings report, CEO Laxman Narasimhan discussed the company’s successful efforts to drive greater value from Starbucks Rewards members.“In the U.S., we implemented targeted offers aimed at bringing our occasional customers into our loyalty program, ...

Starbucks Corp. SBUX, +0.30% on Tuesday reported fiscal first-quarter profit and sales that missed Wall Street’s expectations. Revenue rose 8% to $9.4 billion, below FactSet estimates for $9.6 billion. Starbucks’ adjusted earnings per share were 90 cents, below FactSet forecasts for 93 cents. Same-store sales rose 5%, compared with FactSet estimates for a 7.1% gain. Operating margins expanded to 15.8%. Shares rose 2.3% after hours. ...

MIAMI, FLORIDA - JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo by Joe Raedle/Getty Images)Starbucks is expected to report its fiscal first-quarter earnings after the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 93 centsRev ...

Every year, foodservice research group Technomic surveys thousands of consumers to create a list of America's favorite restaurant brands based on factors such as value, hospitality, and ambiance.This year, a coffee chain broke into the top 10, and it wasn't coffee giant Starbucks. Rather, Dutch Bros (BROS 0.58%) snagged the No. 3 spot, according to Nation's Restaurant News.Relatively unknown in the eastern U.S. but well known by Oregonians, Dutch Bros has ambitious plans to capitalize on its surging popular ...

Starbucks Corp (NASDAQ:SBUX) will announce its fourth-quarter earnings report after the close on Tuesday, Jan. 30. Analysts expect profits of 93 cents per share, which is higher than the 75 cents per share the company reported this quarter last year. Following the coffee chain's last eight earnings reports, Starbucks stock finished five next-day sessions higher, including a 9.5% pop this past November. This time around, the options pits are pricing in a 9.2% swing, regardless of direction, which is much hig ...

Starbucks is launching its beverages called Oleato in all U.S. stores.Starbucks is launching its olive oil-infused drinks in all U.S. stores beginning Tuesday, the company said.The beverages, named Oleato, debuted in Italy in February 2023 after former CEO Howard Schultz visited the country and noticed locals drinking olive oil daily. The line of olive oil-infused coffee drinks launched the next month in select U.S. Starbucks stores and met negative early reviews, with the New Yorker saying the drink "taste ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-20322 Starbucks Corporation (Exact Name of Registrant as Specified in its Charter) Washington 91-1325671 (State or Other Jurisdiction o ...

Starbucks Corporation (SBUX) is scheduled to report first-quarter fiscal 2024 results on Jan 30. The company is likely to have benefited from robust same store sales growth, unit expansion, new menu addition and strong digitalization.Comps Growth Likely to Continue in Q1SBUX’s performance in the fiscal first quarter is likely to have been aided by robust comps growth. An increase in average ticket and comparable transaction continues to aid the company.Sales leverage initiatives, new store growth, and new e ...

WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC,” “we” or “us”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today sent a letter to its fellow shareholders outlining why enhanced oversight and proven human capital management expertise is needed on Starbucks’ Board of Directors (the “Board”). The SOC also filed definitive proxy materials in connection with Starbucks’ Annual Meeting of Shareholders (the “Annual Meeting”), which is currently sche ...