Key Insights for Starbucks' Q2 2024 Earnings Report
Monday, 22 April 2024, 17:47
Starbucks Q2 2024 Earnings Overview
Shares of Starbucks Corporation (NASDAQ: SBUX) stayed green on Monday. The stock has dropped 8% year-to-date. The coffee chain giant is scheduled to report its second quarter 2024 earnings results on April 30 after market close.
Revenue
- Analysts expect $8.6 billion compared to $8.7 billion last year.
Earnings
- Projected EPS of $0.75, up from $0.74 in Q2 2023.
Points to Note
- Challenges: Middle East tensions, weak US traffic, slower China recovery.
- Growth Outlook: Expect lower growth rates in Q2 but optimism for future rebound.
- China Focus: Strong revenue growth, store expansion, digital innovations.
- Operational Highlights: Success in product innovation, digital programs, and store expansions.
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