This earnings result for Starbucks was the true definition of a mixed bag. Well let's get into it:
STARBUCKS
$SBUX JUST REPORTED EARNINGS
EPS of $1.00 beating expectations of $0.95
Revenue of $9.2B missing expectations of $9.28B
3Q COMP SALES +10%, EST. +11.1%
3Q NORTH AMERICA COMP SALES +7%, EST. +8.25%
3Q INTERNATIONAL COMP SALES +24%, EST. +24.1%
3Q China COMP SALES +46%
I am so busy at work right now barely had time to get this post out. Will listen to call tonight though and provide a much more thorough post but I will say these numbers I am good with. China is still actually a bright spot. I want to dive deeper into some of these numbers though as well as the call and press release. Don't even know how the market is reacting lol someone let me know in the comments I guess