New Ceo, same Starbucks.
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!