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Dec 29, 2019
Starbucks Q1 2020 Earnings Report
Starbucks demonstrated strong performance with comparable store sales growth and expansion of the Global Coffee Alliance.
Key Takeaways
Starbucks reported a strong first quarter in fiscal year 2020, with global comparable store sales up 5%, driven by growth in the U.S. and China. The company opened 539 net new stores and saw a 7% increase in consolidated net revenues. GAAP EPS was $0.74, and non-GAAP EPS was $0.79.
Global comparable store sales increased by 5%, with a 6% rise in the U.S. and a 3% rise in China.
Net new store openings totaled 539, resulting in a 6% increase in global store count year-over-year.
Consolidated net revenues grew by 7% to $7.1 billion.
Starbucks Rewards loyalty program in the U.S. grew to 18.9 million active members, a 16% increase year-over-year.
Starbucks
Starbucks
Starbucks Revenue by Segment
Starbucks Revenue by Geographic Location
Revenue by Segment
Company-operated Revenue
CapyFin.comLicensed stores Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comChannel Dev. Revenue
CapyFin.comCorporate/Other Revenue
CapyFin.com Forward Guidance
The company's fiscal year 2020 guidance is unchanged from what was provided in conjunction with its Q4 fiscal 2019 earnings report, which excludes any impact of the coronavirus. The company will update its guidance for fiscal 2020 when they can reasonably estimate the impact of the coronavirus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income