Starbucks Earnings Top Expectations as New CEO’s ‘Back to Starbucks’ Plan Unfolds
Starbucks(consternation) Reported the first quarter of the first quarter, the result exceeded the expectations of analysts, and made the stock higher in the extended transaction on Tuesday.
The net sales of this coffee giant decreased by 0.3 % year -on -year to US $ 9.4 billion. This is the analyst of Alpha consensus analysts. The revenue a year ago was $ 780.8 billion, 69 cents per share, from a decline in revenue from US $ 1.02 billion or 90 cents per share, but exceeded Wall Street forecasts a year ago. Global Same -store sales A decrease of 4 %, a decline ratio of 5 % decreased by analysts.
The new CEO Brian Niccol said in a press release: “Although we have only a quarter of the transformation, we are quickly taking action ‘back to Starbucks’ efforts. It’s a positive reaction. ”
Nicor, who Take away the rope In September, a kind of “Back to Starbucks“, Of which include restoration policies, requiring customers Buy If they want to spend time in the company’s cafe or use the bathroom.
Starbucks said that Starbucks does not provide a prospect of 2025 Last fall Before the guidance was issued, it hoped to “complete the assessment of the business” under Niccol.
After the release, Starbucks’ stock price rose nearly 4 % in the expansion of Tuesday. So far, they have increased by 10 % at the end of Tuesday.