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Starbucks Shares Down 1% on Q4 EPS Miss; Revenues Better Than Expected

StreetInsider2022-02-01

Starbucks (NASDAQ: SBUX) shares were trading around 1% lower after-hours following the company’s Q1 results, with EPS of $0.72 missing the Street estimate of $0.79, while revenue growing 19% to $8.1 billion, beating the consensus of $7.97 billion.

The revenue growth was primarily driven by a 13% growth in comparable store sales mainly from lapping the unfavorable impact of business disruption in 2020 due to the COVID-19 pandemic and strength of new U.S. company-operated stores compared to 2020 performance of stores closed as a part of the company’s North America Trade Area Transformation.

The company reported a global comparable store sales growth of 13%, driven by a 10% increase in comparable transactions and a 3% increase in average ticket. 484 net new stores were opened during the quarter, representing a 4% year-over-year unit growth, closing the year with a record 34,317 stores globally.

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Comment25

  • koolgal
    ·2022-02-02
    Just a temporary setback for Starbucks as it has a strong brand moat. Go Starbucks! 🚀🚀🚀🌙🌙🌙
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    • koolgal
      Thanks
      2022-02-02
      Reply
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    • JLSW86
      👍👍
      2022-02-02
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  • Gackky
    ·2022-02-02
    coffee price shld lower too.. if not, i have to wait for 1-for-1 promos.. when the next one[Sly] [LOL] 
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    • GackkyReplying to___ _
      my switch, games, book will be damaged after u sit on it pls..[Speechless]
      2022-02-03
      Reply
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    • ___ _Replying toGackky
      tell me which one is yours.  Next time I'll sit on it.
      2022-02-03
      Reply
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    • GackkyReplying to___ _
      yalor.. all the students there so bad
      2022-02-03
      Reply
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    View more 2 comments
  • AxelOng
    ·2022-02-02
    Covid? Or less money to buy coffee
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    • KLCC
      China is supposed to be the growth engine
      2022-02-02
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  • Sohws
    ·2022-02-02
    Nice. Like pls
    Reply
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  • Shot
    ·2022-02-02
    Revenues better but shares price down
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    • Targarean
      Guess earnings matter too for Value stocks
      2022-02-02
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  • Ac85
    ·2022-02-02
    Thanks for sharing
    Reply
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  • linghui
    ·2022-02-02
    Ok 
    Reply
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  • Jess261
    ·2022-02-02
    Okay
    Reply
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  • zhenx
    ·2022-02-02
    Like
    Reply
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  • hikaridenka
    ·2022-02-02
    ☕🫖🍮
    Reply
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  • Tmchoo
    ·2022-02-02
    .
    Reply
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  • kelvinyek53
    ·2022-02-02
    Ok
    Reply
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  • Pluto891
    ·2022-02-02
    my Starbuck is down[Cry] 
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    • koolgalReplying toPluto891
      Yes
      2022-02-02
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    • Pluto891
      Encouraging. [smile]
      2022-02-02
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    • Kiki19
      😞
      2022-02-02
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    View more 2 comments
  • 74rk
    ·2022-02-02
    what happened?
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  • Tigger88
    ·2022-02-02
    Thanks 
    Reply
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  • jayfalcon
    ·2022-02-02
    Thanks for sharing 😊
    Reply
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    • SeLby
      Ok
      2022-02-02
      Reply
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  • Roarhigher
    ·2022-02-02
    Read
    Reply
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  • TheStrategist
    ·2022-02-02
    📉📉📉📉📉📉📉📉📉📉📉📉
    Reply
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    • TheStrategist
      😅😅😅😅😅😅😅😅😅
      2022-02-03
      Reply
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    • 74rk
      Sadz
      2022-02-02
      Reply
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  • V K
    ·2022-02-01
    Pls like tyvm[Happy] 
    Reply
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    • Dazhu
      done
      2022-02-02
      Reply
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    • Oldie
      done. Like too
      2022-02-02
      Reply
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    • zhenx
      ok
      2022-02-02
      Reply
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    View more 1 comments
  • MO75
    ·2022-02-01
    Expensive kopi at this type of inflating environment. I skip.
    Reply
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