# Starbucks Corporation (SBUX) — Q2-2024 Earnings Results

**Report date:** 2024-04-30 (after market close)  
**Sector:** Consumer Discretionary / Restaurants  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/SBUX/earnings/Q2-2024

## Post-Earnings Brief

### Headline

Starbucks Misses on EPS — Stock Up 0.18%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.68 | N/A | -14.36% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Cautiously Optimistic

Overall, management conveyed a sense of cautious optimism despite missing EPS expectations. They emphasized their commitment to innovation and customer engagement.

**Key quotes:**

> Management acknowledged the challenges faced this quarter but expressed confidence in long-term growth.

> They highlighted ongoing investments in digital initiatives to enhance customer experience.

### Guidance Changes

No forward guidance was provided during the earnings call.

### What It Means

Starbucks reported an EPS of $0.68, which was below expectations, leading to a slight stock increase of 0.18%. The stock reaction suggests that investors may have anticipated a more significant miss, and the company's focus on digital initiatives could help drive future growth. Overall, while the earnings miss is a concern, the management's positive outlook may reassure some investors.

---

_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/SBUX/earnings/Q2-2024_