Key Insights for Starbucks' Q2 2024 Earnings Report

Monday, 22 April 2024, 17:47

Starbucks Corporation (NASDAQ: SBUX) is set to report its second quarter 2024 earnings. Analysts project $8.6 billion in revenue and an EPS of $0.75. Challenges like global tensions and weak US traffic affected Q1 performance. Despite headwinds, Starbucks remains focused on long-term growth, especially in China, with sustained digital and store expansion efforts.
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Key Insights for Starbucks' Q2 2024 Earnings Report

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.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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