Recap: Starbucks Q3 Earnings

Recap: Starbucks Q3 Earnings

Starbucks SBUX reported its Q3 earnings results on Tuesday, August 2, 2022 at 04:10 PM.

Here's what investors need to know about the announcement.

Earnings

Starbucks beat estimated earnings by 12.0%, reporting an EPS of $0.84 versus an estimate of $0.75.

Revenue was up $653.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 9.83% increase in the share price the next day.

Here's a look at Starbucks's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.59 0.80 0.99 0.77
EPS Actual 0.59 0.72 1 1.01
Revenue Estimate 7.60B 7.97B 8.21B 7.24B
Revenue Actual 7.64B 8.05B 8.15B 7.50B

To track all earnings releases for Starbucks visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings