Starbucks earnings top estimates, but same-store sales decline

The company's same-store sales fell 4%, fueled by a 6% decline in traffic to its stores. Wall Street was expecting a steeper drop of 5.5%, according to StreetAccount estimates.

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Starbucks Earnings Top Estimates, But Same-store Sales Decline

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The company's same-store sales fell 4%, fueled by a 6% decline in traffic to its stores. Wall Street was expecting a steeper drop of 5.5%, according to StreetAccount estimates.

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Starbucks Reports Better-than-expected Quarterly Sales As …

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3 days ago · The decline was less than the 5.5% analysts anticipated, according to FactSet. It was also better than the previous quarter, when global same-store sales were down 7%. U.S. …

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Starbucks Beats $9.4B Revenue, Sales Drop 4%, China Down 6

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3 days ago · Key Points: Starbucks Q1 revenue hits $9.4B, beating estimates as global same-store sales fall 4%. U.S. same-store sales dropped 4%, driven by an 8% traffic decline, but …

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Starbucks Beats Low Earnings Expectations For Its First Quarter …

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3 days ago · Revenue was flat year over year at $9.4 billion, versus estimates of $9.32 billion. Earnings per share of $0.69 were a 23% drop compared to the same quarter a year ago, but …

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Starbucks Revenue Falls As Same-Store Sales Decline - Investopedia

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Jul 30, 2024 · Starbucks same-store sales fell 3% in the latest quarter after dropping 4% in the prior quarter. The company posted revenue of $9.1 billion, 1% lower year-over-year and below …

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Starbucks Stock Plunges After Declining Same-Store Sales Weaken …

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May 1, 2024 · Net sales in the period fell 2% to $8.56 billion from a year earlier and came in below the $9.13 billion Street estimate. The company’s same-store sales fell 4% in the quarter, …

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Starbucks Beats Q1 Expectations Despite 4% Drop In Same-Store …

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3 days ago · Starbucks reported fiscal first-quarter earnings and revenue that surpassed Wall Street's expectations, despite a 4% drop in same-store sales. Same-store sales in the U.S. fell …

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Same-Store Sales At Starbucks Drop, Pushing Revenue Down 1.8%

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Apr 30, 2024 · Same-store sales in the quarter fell 3 percent in North America and 6 percent in international markets, driven by an 11 percent decline in China, where Starbucks has placed a …

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Starbucks Reports Q1 Fiscal Year 2025 Results

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3 days ago · Early Progress on “Back to Starbucks” Strategy, as We Re-introduce Starbucks to the World Q1 Consolidated Net Revenues of $9.4 Billion, Flat to Prior Year with Clear Path …

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Starbucks Reports Another Quarter Of Declining Sales, Reaffirms …

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Jul 31, 2024 · Global same-store sales declined for the second quarter in a row, down 3%, while overall foot traffic fell 5%. Adjusted earnings per share came in at $0.93, compared with …

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Starbucks Revenue Misses Estimates As Same-store Sales Decline

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Excluding items, Starbucks earned 93 cents per share. Net sales dropped 1% to $9.11 billion. The company's same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions.

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Starbucks Q1 Earnings Beat Expectations Despite Sales Decline

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3 days ago · Same-store sales fell 4%, marking the fourth consecutive quarterly decline, but the drop was narrower than the anticipated 5.5%. U.S. same-store sales declined 4%, while …

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Starbucks Looks To Improve Store Traffic As It Reports First Full ...

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4 days ago · Same-store sales and foot traffic are projected to decline 5.30% and 7.28%, respectively, year over year. Analysts expect a slight improvement in foot traffic from a quarter …

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Starbucks' Growth Challenges: Analyzing The Coffee Giant's Decline

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Oct 23, 2024 · In Q3 2024, Starbucks reported a 7% decline in same-store sales, the largest since the COVID-19 pandemic in 2020. Net sales dropped to $9.1 billion, a 3% year-over-year …

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FAQs about Starbucks earnings top estimates, but same-store sales decline Coupon?

Did Starbucks drop 4% in fiscal second quarter?

Starbucks said its same-store sales — or sales at stores open at least a year — dropped 4% in its fiscal second quarter. Wall Street had expected a 1% increase, according to analysts polled by FactSet. In the U.S., customers spent more per visit, but that wasn’t enough to overcome a 7% decline in transactions. ...

Is Starbucks predicting a 6% increase in same-store sales?

It sees global and U.S. same-store sales growth ranging from low single digits to flat, below its prior projection of 4% to 6%. Turning to China, Starbucks, anticipates same-store sales to decline by single digits compared to its previous outlook of a single-digit increase. ...

Why did Starbucks lose 4% in Q1?

The company’s same-store sales fell 4% in the quarter, driven by a 6% decline in cafe traffic. Analysts had expected same-store sales growth of 1%. Regionally, same-store sales decreased 3% in the U.S. and 6% internationally. In China—Starbucks’ second largest market — the metric contracted 11% on the back of the average ticket shrinking 8%. ...

Why did Starbucks' per-share profit drop 23% compared to last year?

The Seattle-based company said Tuesday that quarterly per-share profit dropped 23% compared with the same period last year, reflecting investments in upgrading cafes and other efforts to revive business. Starbucks’s U.S. and global same-store sales fell 4%, the fourth consecutive quarterly decline. ...

Why did Starbucks lower expectations for full-year sales & profit?

(AP Photo/David Zalubowski) Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.56 billion. ...

Why did Starbucks' fourth quarter results fall short of estimates?

On Wednesday, Starbucks (NASDAQ: SBUX) released preliminary fourth quarter results that fell short of estimates as weak U.S. demand resulted in declines in same store sales, net revenue and profit. ...