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30.10.2024 21:32:09
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Starbucks Corp. Q4 Profit Decreases, Misses Estimates
(RTTNews) - Starbucks Corp. (SBUX) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $909.3 million, or $0.80 per share. This compares with $1.219 billion, or $1.06 per share, in last year's fourth quarter.
Excluding items, Starbucks Corp. reported adjusted earnings of $0.80 per share for the period.
Analysts on average had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.2% to $9.074 billion from $9.373 billion last year.
Starbucks Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $909.3 Mln. vs. $1.219 Bln. last year. -EPS (Q4): $0.80 vs. $1.06 last year. -Revenue (Q4): $9.074 Bln vs. $9.373 Bln last year.
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