Starbucks Corp. (SBUX) reported a decline in third-quarter profit compared to the previous year, aligning with market expectations.
The company recorded a net income of $1.054 billion, or $0.93 per share, down from $1.141 billion, or $0.99 per share, in the same quarter last year.
Excluding special items, Starbucks reported adjusted earnings of $0.93 per share for the quarter, consistent with the consensus forecast compiled by Thomson Reuters.
Revenue for the quarter decreased by 0.6% to $9.113 billion from the previous year’s $9.168 billion.
Key figures for Starbucks Corp. (GAAP) in Q3:
- Net Income: $1.054 billion versus $1.141 billion last year.
- Earnings Per Share (EPS): $0.93 compared to $0.99 last year.
- Revenue: $9.113 billion versus $9.168 billion last year.
