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New Ceo, same Starbucks.

STARBUCKS $SBUX EARNINGS ARE OUT

EPS of $0.74 beating expectations of $0.65
Revenue of $8.7B beating expectations of $8.4B

💵 Revenue: $8.7B vs $8.42B expected
☕️ Same-Store Sales: +11% vs +7.33% expected
🇺🇸 US Same-Store Sales: +12% vs +8.91% expected
🇨🇳 China Same-Store Sales: +3% vs -9.86% expected

So so impressed with China same store sales number showing growth!!!! And Starbucks rewards membership up 15 percent year over year!!

Will be on the call at 5 pm. Very excited to hear from Laxman for the first time!

Scoreboard Investor's avatar
Scoreboard Investor
@scorebdinvestorMay 2
Thanks for the summary 👍
Christian's avatar
Christian
@christian7621May 2Author
@scorebdinvestor of course 😁
Dissecting the Markets's avatar
Dissecting the Markets
@dissectmarketsMay 2
The surging US same store sales are a result of more people returning to the office
Alex Biestek's avatar
Alex Biestek
@acb123May 4
Love this stock for the long haul. $SBUX
Christian's avatar
Christian
@christian7621May 4Author
@acb123 me too!
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