earnings
confidence high
sentiment neutral
materiality 0.75
Starbucks Q4 GAAP EPS $0.76; revenue record $8.4B; U.S. comps +11%, China -16%
STARBUCKS CORP
2022-FY EPS reported
$2.83
revenue$32,250,300,000
- GAAP EPS $0.76 vs $1.49 prior year; Non-GAAP EPS $0.81 vs $0.99.
- Consolidated net revenues up 3% (11% on 13-week basis) to record $8.4B.
- Global comparable store sales +7%; U.S. +11%, China -16% due to COVID restrictions.
- Dividend declared $0.53/share, payable Nov 25 to holders of record Nov 11.
- Company plans to sell Seattle's Best Coffee brand to Nestlé; subject to approvals.