Starbucks beats earnings estimates, but sales disappoint despite China boom

quarterly earnings that beat analysts' expectations, but its same-store sales missed Wall Street's estimates.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyRevenue: $9.17 billion vs. $9.29 billion expected The coffee giant reported fiscal third-quarter net income attributable to Starbucks of $1.41 billion, or 99 cents per share, up from $912.9 million, or 79 cents per share, a year earlier.

The company's operating margin expanded to 17.3% from 15.9%, driven by improvements in pricing and productivity.

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منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

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