Starbucks Earnings Beat Expectations but Cautious on Growth Outlook

Starbucks beats on earnings but sees slower growth ahead. Revenue and EPS beat expectations but same-store sales growth forecasts were lowered.

US consumers stayed resilient, supporting ticket size growth, but international demand wavered amid economic uncertainty.

CEO teased updated Reinvention Plan, including $3B in cost savings and doubling hourly pay since 2020.

The company aims to reach 55,000 stores globally by 2030, with 1/3 of earnings growth internationally over next 3 years.

Starbucks plans to double active rewards members to 75M and grow delivery to $1B in sales, aided by new tech partnerships.