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00:02Starbucks reported mixed fourth-quarter results Thursday,
00:06as stronger U.S. sales offset weaker international performance, according to CNBC.
00:11Adjusted earnings reached 80 cents per share, beating expectations of 72 cents,
00:16while revenue of $9.14 billion missed estimates of $9.23 billion.
00:23U.S. same-store sales rose 7.7%, exceeding forecasts of 6.5%,
00:29as CEO Brian Nichols' turnaround strategy continued to attract customers.
00:34International comparable sales increased 0.9%,
00:37below expectations of 3.2%, as declining traffic offset higher average spending.
00:44For fiscal 2027, Starbucks forecast adjusted earnings of $3.15 to $3.25 per share,
00:53above estimates of $3.14.
00:55However, its projected 1% revenue decline fell short of expectations for 1.4% growth.
01:02Shares fell nearly 2% in extended trading.
01:06For all things money, visit Benzinga.com.
