# Starbucks Corporation (SBUX) — Q1-2024 Earnings Results

**Report date:** 2024-01-30 (after market close)  
**Sector:** Consumer Discretionary / Restaurants  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/SBUX/earnings/Q1-2024

## Post-Earnings Brief

### Headline

Starbucks Misses on EPS, Stock Up 0.3%

### Key Numbers

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

### 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.

**Key quotes:**

> We remain focused on our long-term growth strategy.

> Customer engagement continues to be strong.

### Guidance Changes

No forward guidance was provided during the earnings call.

### What It Means

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.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/SBUX/earnings/Q1-2024_