Starbucks Corporation (NASDAQ:SBUX) reported Q3 with revenue near $9.32B, global same-store sales up 7.9% and adj EPS raised to $2.55–$2.65 for the year after 175 net new stores, even as BNP Paribas kept an underperform call warning the stock may lag near term.
Previous Week Recap
- Starbucks Corporation Q3 Growth, Revenue, EPS: Starbucks (SBUX) Q3: global same-store sales +7.9% (U.S. +8.1%, intl +5.7%), revenue ~$9.32B, GAAP EPS $0.91, adj EPS $0.85, 175 net new stores, raised FY adj EPS to $2.55–$2.65.
- BNP Paribas Sees SBUX Lagging: BNP Paribas kept an underperform on Starbucks (SBUX), warning the stock may lag the market near term; no price target, earnings revisions, or valuation metrics were given.
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