Starbucks Corporation announced a 4% increase in U.S. comparable same-store sales, its first growth in two years, although it fell short of earnings projections with a reported $0.56 per share. This miss led to a 0.6% drop in shares, but the company is optimistic, projecting at least 3% full-year comparable sales growth and targeting 5% revenue growth by FY28. Starbucks plans to enhance its market position by adding 25,000 seats across U.S. stores while aiming to eliminate $2 billion in expenses to bolster profitability.
“Walmart · is currently outperforming · both Target and Starbucks · true”
“Starbucks · is up · percent · +4%”
“Starbucks · added · 2% · after reporting store traffic growth for the first time in two years”
“Starbucks · forecasting full-year comparable sales · value · at least +3%”
“Starbucks · is up · percentage · +2%”
“Starbucks Corporation · has · profit margin · 9.5%”
“Starbucks · had a share of spending at U.S. coffee shops · 52% · in 2023”
“Starbucks Corporation (SBUX) · reported · earnings per share · $0.56”
“Starbucks Corporation (SBUX) · missed · Zacks Consensus Estimate · $0.58”
“Starbucks · is up · 2% · +2%”
“Starbucks · is up · more than +2% · after reporting Q1 US comparable same-store sales rose +4%”
“Starbucks (SBUX) · is up · percentage · +2%”
.svg&width=160)