Starbucks Tops Q1 EPS Estimates as S&P 500 Posts 31% Average Growth
Starbucks topped first-quarter EPS forecasts, joining the 80% of S&P 500 companies that beat earnings estimates as industrywide EPS grew 31% year over year. Broader sales climbed 11%, underpinning a 13% market rally from late-March lows.
1. Starbucks Exceeds Q1 Forecasts
Starbucks reported better-than-expected first-quarter earnings, aligning with the 80% of S&P 500 companies that beat EPS estimates. Industrywide EPS growth hit 31% year over year and sales rose 11%, contributing to a 13% surge in the S&P 500 from late-March lows.
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