Starbucks’ president and CEO Kevin Johnson speaks during a press conference in Shanghai on August 2, 2018.
AFP | Getty Images
Starbucks on Tuesday reported mixed quarterly results and raised its full-year forecast for earnings and revenue.
While the company’s earnings topped Wall Street’s expectations, its revenue missed estimates, dragged down by some international markets’ slower recovery.
Shares of the company dropped nearly 2% in extended trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 62 cents adjusted vs. 53 cents expected
- Revenue: $6.7 billion vs. $6.8 billion expected