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HomeMarketSBUX Earnings: Key quarterly highlights from Starbucks’ This autumn 2024 monetary outcomes...

SBUX Earnings: Key quarterly highlights from Starbucks’ This autumn 2024 monetary outcomes | AlphaStreet

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Starbucks Company (NASDAQ: SBUX) reported its fourth quarter 2024 earnings outcomes as we speak.

Consolidated internet revenues declined 3%, together with on a relentless foreign money foundation, to $9.1 billion in comparison with the identical interval a yr in the past.

International comparable retailer gross sales declined 7%.

Internet earnings attributable to Starbucks decreased 25% to $909.3 million, or $0.80 per share, in comparison with final yr. Adjusted EPS additionally declined 25% to $0.80.

The outcomes have been beneath expectations, inflicting the inventory to drop over 1% in aftermarket hours on Wednesday.

The corporate has suspended steerage for fiscal yr 2025 on account of the CEO transition and the present state of the enterprise.

Prior efficiency

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