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
