Wednesday October 30, 2024, 18:29:32
By Mark Kalinowski
After Wednesday’s market close, Starbucks provided its full fiscal Q4 earnings release. Fiscal Q4 adjusted EPS of $0.80 was pre-announced eight days ago, as was a U.S. same-store sales decline of -6%, and a China same-store sales decrease of -14%:
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Tuesday October 22, 2024, 17:39:41
By Mark Kalinowski
After today’s (Tuesday’s) market close, Starbucks pre-announced fiscal Q4 (calendar Q3) results short of consensus. The full quarterly earnings release is still planned for after the market close on Wednesday, October 30th, with a conference call at 5:00 PM Eastern time that day. The company also announced that it suspends guidance as regards its fiscal 2025. Today’s release can be accessed at:
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Thursday September 19, 2024, 07:00:00
By Mark Kalinowski
U.S. restaurant industry same-store sales remain on track in 2024 to have their weakest year since 2016 (excluding pandemic-hit 2020). Be on the lookout for our updated Kalinowski Restaurant Industry Index, which aggregates the same-store sales for the industry based on each components’ full-year 2023 domestic systemwide sales. Unfortunately for the industry, it looks as if the Q3 2023 index number will be similar to the weak results of Q1 2023 and Q2 2023.
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