Starbucks Corporation (SBUX) Q1 2024 Earnings Results

Starbucks Misses on EPS, Stock Up 0.3%

Starbucks reported an EPS of $0.90, slightly missing expectations, which contributed to a modest stock increase of 0.3%. The company did not provide revenue figures or guidance, leaving investors with limited information on future performance. Management's focus on long-term growth and strong customer engagement may help maintain investor confidence.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.90	N/A	-2.07%

Management

Management commentary

Tone: Cautiously Optimistic

Management expressed confidence in their long-term strategy despite missing EPS expectations. They highlighted strong customer engagement as a positive sign.

We remain focused on our long-term growth strategy.

Customer engagement continues to be strong.

Starbucks Misses on EPS, Stock Up 0.3%

Key numbers

Management commentary

Starbucks Corporation

More earnings this week

Starbucks Misses on EPS, Stock Up 0.3%

Key numbers

Management commentary