Starbucks (NASDAQ:SBUX) Full Year 2024 Results
Key Financial Results
- Revenue: US$36.2b (flat on FY 2023).
- Net income: US$3.76b (down 8.8% from FY 2023).
- Profit margin: 10% (down from 12% in FY 2023).
- EPS: US$3.31 (down from US$3.60 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Starbucks EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Starbucks (1 is potentially serious!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:SBUX
Starbucks
Operates as a roaster, marketer, and retailer of coffee worldwide.
Established dividend payer and slightly overvalued.
