Starbucks (NASDAQ:SBUX) reported its Q1 earnings results on Tuesday, February 1, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Starbucks missed estimated earnings by 10.0%, reporting an EPS of $0.72 versus an estimate of $0.8, which did not surprise analysts.
Revenue was up $1.30 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01, which was followed by a 6.3% drop in the share price the next day.
Here's a look at Starbucks's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.99 | 0.77 | 0.53 | 0.55 |
| EPS Actual | 1 | 1.01 | 0.62 | 0.61 |
| Revenue Estimate | 8.21B | 7.24B | 6.82B | 6.93B |
| Revenue Actual | 8.15B | 7.50B | 6.67B | 6.75B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
