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STARBUCKS-T (4337.HK)
| Previous close | N/A |
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| 52-week range | 58.000 - 58.000 |
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- Yahoo Finance
Starbucks revises 2024 guidance, after badly missing its Q2 earnings estimates
Starbucks' decaf-like start to the year continues into the second quarter.
- 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.
- Yahoo Finance Video
Amazon, AMD, Starbucks earnings on tap: Yahoo Finance
Earnings are in focus Tuesday afternoon, with companies like Amazon (AMZN), Advanced Micro Devices (AMD), Starbucks (SBUX), and Pinterest (PINS) all set to report their quarterly results. It comes as the Federal Reserve meets for the first day of their two-day meeting. Investors will find out the latest decision on interest rates tomorrow at 2 p.m. ET. Trending tickers on Yahoo Finance include PayPal (PYPL), Eli Lilly (LLY), and MicroStrategy (MSTR). Top guests today include: 3:25 p.m. ET - Moshe Katri, Wedbush Securities Managing Director, Equity Research | IT Services & Payments 3:35 p.m. ET - Edward Norton, Zeck Co-founder 4:05 p.m. ET - Arun Sundaram, CFRA Research Senior Equity Research Analyst 4:35 p.m. ET - Dirk Van de Put, Mondelez CEO 4:45 p.m. ET - Francois Locoh-Donou, F5 CEO
