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

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

Starbucks Reports Q1 Fiscal 2024 Results

January 30, 2024 4:05 PM EST

Q1 Consolidated Net Revenues Up 8% to a Record $9.4 Billion
Q1 Comparable Store Sales Up 5% Globally; Up 5% in North America; Up 7% in International
Q1 GAAP EPS Up 22% to $0.90; Non-GAAP EPS Up 20% to $0.90 as Reinvention Unlocks Continued Efficiency
Q1 Active U.S. Starbucks® Rewards Membership Reaches 34.3 Million, Up 13% Over Prior Year
Q1 U.S. Card Loads Reaches a Record $3.6 Billion; Ranking as #2 U.S. Brand in Holiday Gift Card Activations

SEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal first quarter ended... More