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Dipanjan Banchur

Earnings Preview: What to Expect From Starbucks’ Report

Seattle, Washington-based Starbucks Corporation (SBUX) roasts, markets, and retails coffee. Valued at $89.79 billion by market cap, the company offers packaged and single-serve coffees and teas, beverage-related ingredients, and ready-to-drink beverages, and produces and sells bottled coffee drinks and a line of ice creams. The world’s largest coffeehouse chain is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Tuesday, Jul. 30.

Ahead of the event, analysts expect SBUX to report a profit of $0.93 per share on a diluted basis, down 7% from $1 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two other occasions.

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The Independent UK

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One subscription that gives you access to news from hundreds of sites

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