Investing.com - Starbucks reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Starbucks announced earnings per share of $0.72 on revenue of $8.05B. Analysts polled by Investing.com EPS of $0.7968 on revenue of $8B.
Starbucks 's are down 1% and is trading at $94.25 , still down 21.82% from its 52 week high of $126.32 set on Friday, July 23, 2021.
Starbucks shares lost 4.57% to trade at $94.25 in after-hours trade the report.
Starbucks follows other major Consumer Discretionary sector earnings this month
Starbucks's report follows an earnings beat by Tesla on Wednesday, January 26, 2022, who reported EPS of $2.54 on revenue of $17.72B, EPS of $2.36 on revenue of $17.13B.
Louis Vuitton ADR had matched expectations on Thursday with fourth quarter EPS of $2.54 on revenue of $22.37B, for EPS of $2.54 on revenue of $20.27B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar