FX.co ★ Starbucks Corp. Q3 Profit Drops, Inline With Estimates

Starbucks Corp. (SBUX) reported a decline in third-quarter profit compared to the previous year, aligning with market expectations.

The company recorded a net income of $1.054 billion, or $0.93 per share, down from $1.141 billion, or $0.99 per share, in the same quarter last year.

Excluding special items, Starbucks reported adjusted earnings of $0.93 per share for the quarter, consistent with the consensus forecast compiled by Thomson Reuters.

Revenue for the quarter decreased by 0.6% to $9.113 billion from the previous year’s $9.168 billion.

Key figures for Starbucks Corp. (GAAP) in Q3:

- Net Income: $1.054 billion versus $1.141 billion last year.

- Earnings Per Share (EPS): $0.93 compared to $0.99 last year.

- Revenue: $9.113 billion versus $9.168 billion last year.