Starbucks Q3 EPS $1.00 Beats $0.95 Estimate, Sales $9.17B Miss $9.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Starbucks reported Q3 earnings of $1.00 per share, beating the analyst consensus estimate of $0.95 by 5.26%. However, the company's quarterly sales of $9.17 billion missed the analyst consensus estimate of $9.29 billion by 1.32%. This represents a 19.05% increase in earnings and a 12.49% increase in sales compared to the same period last year.
August 04, 2023 | 10:18 am
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Starbucks' Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty in the market.
Starbucks' earnings beat could be a positive signal to investors, indicating strong profitability. However, the sales miss could raise concerns about the company's revenue growth. The mixed results could lead to uncertainty in the market, potentially impacting the stock price.
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