Starbucks (SBUX) Misses Q1 EPS by 4c

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Go back to Starbucks (SBUX) Misses Q1 EPS by 4c

Starbucks (SBUX) shares up despite Q2 warning; Analysts explain why

January 30, 2024 4:18 PM EST

(Updated - January 31, 2024 5:40 AM EST)

Starbucks (NASDAQ: SBUX) reported worse-than-expected earnings and revenue for the fiscal first quarter.

Specifically, the coffeehouse chain operator posted Q1 earnings per share (EPS) of $0.90, missing the consensus estimates of $0.94. Revenue came in at $9.43 billion, also below the expected $9.62 billion.

Still, the stock was still up 2.7% in pre-market Wednesday trade as analysts say investor expectations were low into the earnings.

Global comparable store sales saw a 5% increase, attributed to a 3% rise in comparable transactions and a 2% growth in average ticket size. In... More