Post-earnings recap
Reported
Thu, Oct 28, 2021
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
38%
Est. EPS
—
Est. Rev
—
Impl. Move
—
Starbucks reported an earnings per share (EPS) of $1.00, beating expectations slightly. However, the stock fell by 0.27% following the report, indicating that investors may have been looking for stronger revenue figures or more detailed guidance. The cautious tone from management suggests they are aware of ongoing challenges but remain focused on growth strategies.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.00 | N/A | +0.30% |
| Revenue | N/A | N/A | N/A |
Management expressed confidence in customer demand despite ongoing challenges. They emphasized their commitment to improving the customer experience and digital engagement.
We are seeing strong customer demand as we navigate through challenges.
Our focus remains on enhancing the customer experience and expanding our digital offerings.