Company News: Starbucks (SBUX) quarterly results beat analysts’ forecasts

Market news

28 July 2021

Company News: Starbucks (SBUX) quarterly results beat analysts’ forecasts

Starbucks (SBUX) reported Q3 FY 2021 earnings of $1.01 per share (versus -$0.46 per share in Q3 FY 2020), beating analysts’ consensus estimate of $0.78 per share.

The company’s quarterly revenues amounted to $7.497 bln (+77.6% y/y), beating analysts’ consensus estimate of $7.264 bln.

SBUX fell to $122.98 (-2.42%) in pre-market trading.

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