Starbucks' Q4 Earnings Meet Estimate, Revenues Lag, Comps Decline
Starbucks(SBUX) ZACKS·2024-10-31 20:31
Starbucks Corporation (SBUX) reported fourth-quarter fiscal 2024 results, with earnings meeting the Zacks Consensus Estimate but revenues missing the same. Following the results, the company’s shares witnessed a marginal gain of 0.6% in the after-hours trading session yesterday.Brian Niccol, chairman and CEO, emphasized the need for a fundamental shift in Starbucks' strategy to re-engage customers. He described the company's new approach, "Back to Starbucks," as a core strategy, which is focused on reviving ...