# Starbucks Corporation (SBUX) — Q3-2020 Earnings Results

**Report date:** 2020-07-28 (after market close)  
**Sector:** Consumer Discretionary / Restaurants  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/SBUX/earnings/Q3-2020

## Post-Earnings Brief

### Headline

Starbucks Misses on EPS, Stock Down 2.38%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.46 | N/A | +24.34% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Defensive

Management expressed concerns about the ongoing impact of the pandemic on operations. They emphasized the importance of safety measures and adapting to changing conditions.

**Key quotes:**

> We are navigating through unprecedented challenges.

> Our focus remains on the health and safety of our partners and customers.

### Guidance Changes

No guidance was provided for future quarters.

### What It Means

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.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/SBUX/earnings/Q3-2020_