Starbucks misses expectations as China drags down international sales

3 yıl önce

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A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California.

Lucy Nicholson | Reuters

Starbucks on Thursday reported quarterly earnings and revenue that fell short of analysts' expectationsÂ as fewer customers visited its stores.

Shares of the company fell 2.8% in extended trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 75 cents adjusted vs. 77 cents expectedRevenue: $8.71 billion vs. $8.78 billion expected

Excluding items, Starbucks earned 75 cents per share.

Net sales rose 8% to $8.71 billion.