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Starbucks Beats Quarterly Earnings Estimates as US Comparable Sales Rise 7.7%

By ChordNews · First written

Starbucks sees annual profit above estimates as turnaround gains traction
Image: investing.com
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Summary

Starbucks beat analyst estimates in its fiscal quarter, with earnings of 80 cents a share topping expectations and US comparable sales up 7.7%, according to Bloomberg. Bloomberg also cited R.J. Hottovy, head of analytical research, who said Starbucks foot traffic is outpacing the competition. Investing.com reported, in a headline only, that Starbucks sees annual profit above estimates as its turnaround gains traction.

This continues an earlier story: Starbucks Q3 earnings preview: same-store sales growth and margins in focus

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that R.J. Hottovy, head of analytical research, says Starbucks foot traffic is outpacing the competition, US comparable sales rose 7.7% in the fiscal quarter, and earnings of 80 cents a share beat estimates.

  2. Investing.com

    Source ↗

    Investing.com reports, in a headline with no body text, that Starbucks sees annual profit above estimates as its turnaround gains traction.

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