SBUX - Starbucks Stock Heats Up On Q4 Earnings: Revenue Miss EPS Miss Comps Up 5% | Benzinga
Starbucks Corp (NASDAQ:SBUX) reported fiscal first-quarter financial results Tuesday after the bell. Here’s a rundown of the report.
Q4 Earnings: Starbucks said first-quarter revenue increased 8% year-over-year to $9.4 billion, which missed the consensus estimate of $9.59 billion, according to Benzinga Pro. The company reported quarterly earnings of 90 cents per share, which missed analyst estimates of 93 cents per share.
Comparable store sales jumped 5% globally, driven by a 3% increase in comparable transactions and 2% increase ...