# Starbucks Corporation (SBUX) — Q1-2023 Earnings Results

**Report date:** 2023-02-02 (after market close)  
**Sector:** Consumer Discretionary / Restaurants  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/SBUX/earnings/Q1-2023

## Post-Earnings Brief

### Headline

Starbucks Misses on EPS, Stock Down 0.76%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.75 | N/A | -2.34% |

### Management Commentary

**Tone:** Cautiously Optimistic

Management expressed cautious optimism about future growth despite current challenges. They are focusing on enhancing customer experience and expanding their footprint.

**Key quotes:**

> Management highlighted ongoing challenges in the supply chain.

> They emphasized a focus on improving customer experience.

> There was a mention of plans to expand store locations.

### Guidance Changes

No guidance updates were provided during the earnings call.

### What It Means

Starbucks reported an EPS of $0.75, slightly missing expectations, which contributed to a 0.76% decline in stock price. The company is facing supply chain challenges but remains focused on improving customer experience and expanding its store locations. Investors may be concerned about the lack of guidance, which could indicate uncertainty in the near term.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/SBUX/earnings/Q1-2023_