SBUX Jan 2025 120.000 call
- Yahoo Finance Video
Starbucks stock drops on revised full-year guidance, Q2 miss
Shares of Starbucks (SBUX) are dropping fast in pre-market trading as the company posted its fiscal second-quarter results on Tuesday, disappointing Wall Street after missing out on revenue and same-store sales expectations. In addition, the coffee giant revised its full-year guidance citing a challenging environment. Yahoo Finance Retail Reporter Brooke DiPalma joins The Morning Brief to break down Starbucks' recent performance and its declining same-store sales in consumer markets around the world. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Starbucks stock sinks on earnings miss, same-store sales drop
Starbucks (SBUX) reported disappointing second quarter results. Adjusted earnings per share of $0.68 fell short of the Street's $0.80 estimate. Net revenue of $8.56 billion missed expectations of $9.13 billion. The company reported a same-store sales decline of 4%, a 1.46% rise had been expected. In China, same-store sales fell 11% versus an expected decline of 1.62%. US same-store sales fell 3% compared to an expected gain of 2.31%. Yahoo Finance's Julie Hyman and Josh Lipton break down the coffee chain's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Barrons.com
Starbucks Stock Tanks as Earnings Disappoint. It Could Get Worse.
Net sales in the March quarter totaled $8.56 billion, while analysts polled by FactSet expected $9.13 billion.
