Kevin Johnson, CEO, Starbucks
Scott Mlyn | CNBC
Starbucks on Tuesday reported that its U.S. same-store sales fell 5% during its fiscal first quarter after a surge of new Covid-19 cases led to harsher dining restrictions.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 61 cents, adjusted, vs. 55 cents expected
- Revenue: $6.75 billion vs. $6.93 billion expected
Excluding items, the coffee giant earned 61 cents per share, topping the 55 cents per share expected by analysts surveyed by Refinitiv.
Net sales dropped 5% to $6.7 billion, falling short of expectations of $6.9 billion. Worldwide, the company’s…