Starbucks (SBUX - Free Report) reported $9.17 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.5%. EPS of $1.00 for the same period compares to $0.84 a year ago.
The reported revenue represents a surprise of -1.31% over the Zacks Consensus Estimate of $9.29 billion. With the consensus EPS estimate being $0.95, the EPS surprise was +5.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Starbucks performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Store Sales - Americas - Sales Growth: 7% versus the 10-analyst average estimate of 8.21%.
- Comparable Store Sales - International - Sales Growth: 24% versus 24.48% estimated by nine analysts on average.
- Comparable store sales - YoY change: 10% versus the nine-analyst average estimate of 10.83%.
- Total stores: 37222 versus the nine-analyst average estimate of 37229.22.
- Total Stores - International: 19630 versus 19412.63 estimated by eight analysts on average.
- Net Revenues- International: $1.97 billion versus the five-analyst average estimate of $1.98 billion. The reported number represents a year-over-year change of +24.5%.
- Net Revenues- Americas- Total: $6.74 billion compared to the $6.82 billion average estimate based on five analysts. The reported number represents a change of +11.2% year over year.
- Net Revenues- Company-operated retail: $7.56 billion versus the 10-analyst average estimate of $7.67 billion. The reported number represents a year-over-year change of +13.2%.
- Net Revenues- Licensed stores: $1.14 billion versus $1.11 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +18.8% change.
- Net Revenues- Other: $475.40 million versus $529.43 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -8.2% change.
- Net Revenues- Channel Development- Total: $448.80 million versus $507.55 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.4% change.
- Net Revenues- Corporate & Other: $8.80 million versus the five-analyst average estimate of $11.62 million. The reported number represents a year-over-year change of -67.8%.
View all Key Company Metrics for Starbucks here>>>Shares of Starbucks have returned +2.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Starbucks (SBUX - Free Report) reported $9.17 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.5%. EPS of $1.00 for the same period compares to $0.84 a year ago.
The reported revenue represents a surprise of -1.31% over the Zacks Consensus Estimate of $9.29 billion. With the consensus EPS estimate being $0.95, the EPS surprise was +5.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Starbucks performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Store Sales - Americas - Sales Growth: 7% versus the 10-analyst average estimate of 8.21%.
- Comparable Store Sales - International - Sales Growth: 24% versus 24.48% estimated by nine analysts on average.
- Comparable store sales - YoY change: 10% versus the nine-analyst average estimate of 10.83%.
- Total stores: 37222 versus the nine-analyst average estimate of 37229.22.
- Total Stores - International: 19630 versus 19412.63 estimated by eight analysts on average.
- Net Revenues- International: $1.97 billion versus the five-analyst average estimate of $1.98 billion. The reported number represents a year-over-year change of +24.5%.
- Net Revenues- Americas- Total: $6.74 billion compared to the $6.82 billion average estimate based on five analysts. The reported number represents a change of +11.2% year over year.
- Net Revenues- Company-operated retail: $7.56 billion versus the 10-analyst average estimate of $7.67 billion. The reported number represents a year-over-year change of +13.2%.
- Net Revenues- Licensed stores: $1.14 billion versus $1.11 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +18.8% change.
- Net Revenues- Other: $475.40 million versus $529.43 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -8.2% change.
- Net Revenues- Channel Development- Total: $448.80 million versus $507.55 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.4% change.
- Net Revenues- Corporate & Other: $8.80 million versus the five-analyst average estimate of $11.62 million. The reported number represents a year-over-year change of -67.8%.
View all Key Company Metrics for Starbucks here>>>Shares of Starbucks have returned +2.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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