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Jan 02, 2022
Starbucks Q1 2022 Earnings Report
Starbucks' Q1 2022 results reflected strong revenue growth, driven by robust customer demand, despite inflationary pressures and COVID-19 related costs.
Key Takeaways
Starbucks reported a 19% increase in consolidated net revenues to $8.1 billion for Q1 2022. Global comparable store sales rose by 13%, with a significant 18% increase in the U.S. GAAP EPS grew by 30% to $0.69, while non-GAAP EPS increased by 18% to $0.72.
Global comparable store sales increased 13%, driven by a 10% increase in comparable transactions and a 3% increase in average ticket.
North America and U.S. comparable store sales increased 18%, primarily driven by a 12% increase in comparable transactions and a 6% increase in average ticket.
International comparable store sales decreased 3%, driven by a 5% decline in average ticket, partially offset by a 2% increase in comparable transactions; China comparable store sales decreased 14%, driven by a 9% decline in average ticket and a 6% decline in transactions.
The company opened 484 net new stores in the first quarter of fiscal 2022, ending the period with a record 34,317 stores globally.
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 will discuss fiscal year 2022 financial targets during its Q1 FY22 earnings conference call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income