Post-earnings recap
Reported
Tue, Jul 28, 2020
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
38%
Est. EPS
—
Est. Rev
—
Impl. Move
—
Starbucks reported a loss per share of $0.46, which was better than expected, but the stock still fell by 2.38%. The decline reflects investor concerns about the ongoing challenges posed by the pandemic and the lack of revenue data. Without guidance, uncertainty remains about the company's recovery trajectory in the coming months.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.46 | N/A | +24.34% |
| Revenue | N/A | N/A | N/A |
Management expressed concerns about the ongoing impact of the pandemic on operations. They emphasized the importance of safety measures and adapting to changing conditions.
We are navigating through unprecedented challenges.
Our focus remains on the health and safety of our partners and customers.