Starbucks Says For FY24, Global Comparable Store Sales Declined 2%, Consolidated Net Revenue Increased 1%, Non-GAAP EPS $3.31
Portfolio Pulse from Benzinga Newsdesk
Starbucks reported a 2% decline in global comparable store sales for FY24, while consolidated net revenue increased by 1%. The company's non-GAAP EPS was $3.31.
October 22, 2024 | 8:10 pm
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Starbucks reported a 2% decline in global comparable store sales for FY24, but managed a 1% increase in consolidated net revenue. The non-GAAP EPS was $3.31, indicating mixed performance.
The decline in global comparable store sales suggests challenges in customer traffic or spending, which could be a concern for investors. However, the increase in net revenue and stable EPS indicate some resilience in the company's financials. The mixed results may lead to a neutral short-term impact on the stock price as investors weigh the positives against the negatives.
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IMPORTANCE 80
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