Customers stroll in entrance of a Starbucks espresso store in Galeria Krakowska shopping center in central Krakow, Poland, on July 11, 2025.
Dominika Zarzycka | Nurphoto | Getty Pictures
Starbucks on Tuesday reported its sixth straight quarter of same-store gross sales declines as the corporate implements a turnaround technique.
Here is what the corporate reported for the quarter ended June 29 in contrast with what Wall Avenue was anticipating, primarily based on a survey of analysts by LSEG:
- Earnings per share: 50 cents adjusted, it was not instantly clear if it was corresponding to the 65 cents anticipated
- Income: $9.5 billion vs. $9.31 billion anticipated
Excluding sure objects, the corporate earned 50 cents per share. A discrete tax merchandise and a one-time funding internet hosting the corporate’s three-day occasion for U.S. retailer managers weighed on the corporate’s earnings per share by 11 cents.
Internet gross sales rose 4% to $9.5 billion. However world same-store gross sales declined 2%, a steeper drop than estimates of a 1.3% lower, based on StreetAccount.
Nevertheless, Starbucks’ North American cafes carried out higher than anticipated. The chain’s North American same-store gross sales fell 2%, a smaller decline than the two.5% projected by Wall Avenue, based on StreetAccount.
And in China, the corporate’s second-largest market, Starbucks reported same-store gross sales progress of two% for the quarter.
