Starbucks Company (NASDAQ: SBUX) reported its fourth quarter 2024 earnings outcomes in the present day.

Consolidated web revenues declined 3%, together with on a continuing foreign money foundation, to $9.1 billion in comparison with the identical interval a 12 months in the past.

International comparable retailer gross sales declined 7%.

Web earnings attributable to Starbucks decreased 25% to $909.3 million, or $0.80 per share, in comparison with final 12 months. Adjusted EPS additionally declined 25% to $0.80.

The outcomes have been under expectations, inflicting the inventory to drop over 1% in aftermarket hours on Wednesday.

The corporate has suspended steering for fiscal 12 months 2025 on account of the CEO transition and the present state of the enterprise.

Prior efficiency