Starbucks Shares Plunge 9 percent Following Q2 Earnings Announcement

Starbucks (NASDAQ:SBUX) shares plummeted more than 9% today after the company reported its Q2 results. While EPS of $0.74 and revenue of $8.7 billion came in better than the Street estimates of $0.65 and $8.4 billion, respectively, 2023 guidance remained unchanged, balancing better-than-expected Q2 results with uncertainty looking ahead. Global comp sales grew 11% during … Continue reading Starbucks Shares Plunge 9 percent Following Q2 Earnings Announcement