Starbucks Non-GAAP EPS of $0.80 misses by $0.09, revenue of $9.07B misses by $70M
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Contributor since / Followers
Contributor since / Followers
4 weeks ago
- Starbucks press release (NASDAQ:SBUX): Q4 Non-GAAP EPS of $0.80 misses by $0.09.
- Revenue of $9.07B (-3.2% Y/Y) misses by $70M.
- Global comparable store sales declined 7%, driven by an 8% decline in comparable transactions, partially offset by a 2% increase in average ticket.
- The company opened 722 net new stores in Q4, ending the period with 40,199 stores: 52% company-operated and 48% licensed.
- Non-GAAP operating margin contracted 380 basis points year-over-year to 14.4%, or contracted 370 basis points on a constant currency basis.
- Shares -0.83%.