Starbucks Q2 Earnings Highlights: Hits Record Q2 Revenue Despite China COVID-19 Setback, More Stores Openings Planned
Posted: Thu May 05, 2022 12:09 pm
Restaurant and coffee powerhouse Starbucks Corp. reported second-quarter financial results after market close Tuesday. Here are the key highlights for investors. What Happened Starbucks reported second-quarter revenue of $7.64 billion, which was up 15 percent year-over-year. The quarterly revenue was a second-quarter record for the company and came in ahead of a consensus estimate of $7.6 billion, according to data from Benzinga Pro. The company reported second-quarter adjusted earnings per share of 59 cents, which was in line with estimates. Same-store sales were up 7 percent globally, with a 12 percent increase in North America and a decline of 8 percent in international markets. Comparable same-store sales fell 23 percent in China due to a drop in overall transactions from increased COVID-19 related lockdowns. ...
Source: https://www.theepochtimes.com/starbucks ... 45975.html
Source: https://www.theepochtimes.com/starbucks ... 45975.html