Starbucks Q4 Earnings: EPS Miss, Revenue Beat, and Global Comp Sales Growth

Starbucks Q4 Earnings Overview

• 📊 Starbucks reported a mixed fourth quarter with EPS missing estimates at 52 cents adjusted, versus the 56 cents expected.
• 💰 However, revenue exceeded expectations, reaching $9.6 billion against an estimate of $9.35 billion, despite ongoing labor investments.

Global and North American Performance

• 📈 Global comparable store sales saw a positive turn, increasing by 1% against an estimated decline of 0.3%.
• 📍 In North America, comparable store sales were flat, missing estimates of a 0.9% increase, with transactions declining.
• 💡 A notable positive was that US comparable store sales turned positive in September, indicating progress with the company's "back to Starbucks" plan.

International Market Insights

• 🌍 International comparable store sales performed better than anticipated, rising by 3%.
• 🇨🇳 Sales in China, Starbucks' second-largest market, also showed growth, with same-store sales up by 2%.
• 🔍 Investors will be looking for further guidance and updates on the China market during the earnings call.