Starbucks’ Shares Slip 4.2% on Mixed Q4 Results
29 Oktober 2021 - 01:08PM
TipRanks
Coffeehouse chain Starbucks Corporation (SBUX) has posted mixed Q4
results, as the company beat earnings but lagged revenues
estimates. Meanwhile, the shares of the company dropped 4.2% to
close at $108.50 during the extended trading session on Thursday.
Starbucks reported quarterly net revenues of $8.1 billion, up 31.3%
year-over-year. However, the figure failed to surpass the consensus
estimate of $8.21 billion. A 32.7% year-over-year growth in net
revenues from company-operated stores and a 45.9% rise in net
revenues from licensed stores drove the company's total net revenue
growth. The company reported earnings per share (EPS) of $1, up
96.1% year-over-year, marginally surpassing the consensus estimate
of $0.99.
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