Starbucks Exec Says Co. Expects FY24 Revenue Growth At The Low End Of 10% - 12% Range, Continue To Expect FY24 GAAP And Non-GAAP EPS Growth To Be In The 15% - 20% Range - Conf Call
Portfolio Pulse from Benzinga Newsdesk
Starbucks executive announced during a conference call that the company expects its FY24 revenue growth to be at the lower end of the 10% - 12% range. The company also continues to expect FY24 GAAP and non-GAAP EPS growth to be in the 15% - 20% range.
November 02, 2023 | 12:02 pm
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Starbucks expects its FY24 revenue growth to be at the lower end of the 10% - 12% range, and GAAP and non-GAAP EPS growth to be in the 15% - 20% range.
The news directly pertains to Starbucks' financial performance. While the company expects growth, the fact that it's at the lower end of the projected range may be seen as a negative by some investors, potentially impacting the stock price. However, the continued expectation of EPS growth in the 15% - 20% range could offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100