3 Must-See Numbers From Starbucks' Earnings Report
Shares of Starbucks (NASDAQ: SBUX) sold off Wednesday in spite of a strong report from the coffee chain.
The company posted double-digit comparable-store sales growth as it recovered from the worst of the pandemic, though overall revenue, which grew 11.2% to $6.67 billion, missed estimates at $6.82 billion due to the impact of planned store closures. On the bottom line, the company beat estimates with adjusted earnings per share of $0.62, ahead of expectations at $0.53, and the company raised its guidance for the full fiscal year.
Overall, the results show that Starbucks has made a full recovery from the pandemic in key markets like the U.S., and is continuing to gain momentum as vaccination rates improve across the world. The numbers below show how well Starbucks is performing even as the pandemic is not yet over.
Source Fool.com
