Reported about 1 month ago
Starbucks reported its preliminary earnings for Q4, revealing adjusted earnings of $0.80 per share, significantly below the $1.03 expected by analysts. Total net revenue of $9.1 billion also fell short of the anticipated $9.36 billion, with same-store sales declining 7% compared to an expected drop of 3.48%. The company's guidance for fiscal 2025 has been suspended, indicating a challenging outlook ahead.
Source: YAHOO