Starbucks Says For Q4 Global Comparable Store Sales Declined 7%, Consolidated Net Revenues Decline 3% To $9.1B, Non-GAAP EPS $0.80
Portfolio Pulse from Benzinga Newsdesk
Starbucks reported a 7% decline in global comparable store sales for Q4, with consolidated net revenues down 3% to $9.1 billion. The non-GAAP EPS was $0.80.
October 22, 2024 | 8:08 pm
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NEUTRAL IMPACT
Starbucks' weaker-than-expected Q4 results may have a minor impact on SPY, as it is a component of the ETF.
While Starbucks is a component of SPY, the overall impact on the ETF is likely minimal due to its diversified holdings.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
Starbucks reported a 7% decline in global comparable store sales and a 3% drop in consolidated net revenues for Q4, with non-GAAP EPS at $0.80.
The decline in both sales and revenues suggests weaker performance, which is likely to negatively impact Starbucks' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100