Yahoo Finance Starbucks Third Quarter 2024 Earnings: Revenues Disappoint
Starbucks (NASDAQ:SBUX) Third Quarter 2024 Results
Key Financial Results
Revenue: US$9.11b (flat on 3Q 2023).
Net income: US$1.05b (down 7.6% from 3Q 2023).
Profit margin: 12% (in line with 3Q 2023).
EPS: US$0.93 (down from US$1.00 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Starbucks Revenues Disappoint
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Starbucks has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.
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