News Formal

Starbucks is about to report earnings. Here's what to expect

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Shares of Starbucks have fallen about 8% this year, dragging the company’s market value down to $104 billion.

Shares of Starbucks have fallen about 8% this year, dragging the company's market value down to $104 billion.Looking to fiscal 2024, Wall Street is projecting Starbucks will earn $4.07 per share and report revenue of $39.69 billion, representing 10.6% year-over-year revenue growth.In recent quarters, the coffee giant has reported strong U.S. demand.

But investors have some concerns about the company's second-largest market. China has struggled with an uneven recovery from the pandemic., which runs KFC and Pizza Hut locations there, said Tuesday that sales weakened in late September and didn't improve in October. Looking to fiscal 2024, Wall Street is projecting Starbucks will earn $4.07 per share and report revenue of $39.69 billion, representing 10.6% year-over-year revenue growth, according to LSEG estimates.The company will also be giving an update on its"reinvention" strategy to investors on Thursday afternoon in New York City.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starbucks is about to report earnings. Here's what to expectShares of Starbucks have fallen about 8% this year, dragging the company's market value down to $104 billion.
Source: CNBC - 🏆 12. / 72 Read more »