Coffeehouse Giant Starbucks' Brew-tiful Q4 Earnings, Stock High On Caffeine-Infused Joy
Portfolio Pulse from Shivani Kumaresan
Starbucks Corp reported Q4 FY23 sales growth of 11.4% YoY to $9.37 billion, beating the analyst consensus estimate. Comparable store sales for Q4 increased 8% globally. The company opened 816 new stores in Q4, ending the period with 38,038 stores. Starbucks sees FY24 revenue growth at the lower end of 10% - 12% forecast. SBUX shares are trading higher by 10.08% at $100.56 premarket on the last check Thursday.
November 02, 2023 | 12:48 pm
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Starbucks reported strong Q4 FY23 results, beating analyst estimates. The company's shares are trading higher in premarket.
Starbucks reported strong Q4 FY23 results, with sales growth of 11.4% YoY, beating analyst consensus. This positive earnings report is driving the company's shares higher in premarket trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100