Is Starbucks Too Dependent On China? 5 Analyst Takeaways On Mixed Q3 Print, Outlook
Portfolio Pulse from Priya Nigam
Starbucks Corp (NASDAQ:SBUX) reported mixed fiscal Q3 results, with shares rising in early trading. Analysts from Wedbush, Stephens, TD Cowen, Oppenheimer, and William Blair provided their takeaways, with a general consensus of strong results despite some concerns. The company's earnings beat expectations due to higher margins and continued recovery in China, even as U.S. same-store sales growth was softer than consensus. Starbucks raised its 2023 EPS guidance to $3.43-$3.46 from $3.40.

August 04, 2023 | 11:41 am
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Starbucks reported mixed Q3 results, with shares rising. The company beat earnings expectations and raised its 2023 EPS guidance.
Starbucks' Q3 results were mixed, but the company beat earnings expectations and raised its 2023 EPS guidance, which is likely to have a positive impact on its stock price in the short term.
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