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Dec 31, 2023
Starbucks Q1 2024 Earnings Report
Starbucks' Q1 2024 performance was strong, marked by record revenue and comparable store sales growth.
Key Takeaways
Starbucks reported a strong first quarter in fiscal year 2024, with consolidated net revenues up 8% to a record $9.4 billion. Global comparable store sales increased by 5%, driven by transaction growth. GAAP EPS grew by 22% to $0.90, and non-GAAP EPS increased by 20% to $0.90.
Global comparable store sales increased 5%, driven by a 3% increase in comparable transactions and 2% increase in average ticket.
North America and U.S. comparable store sales increased 5%, driven by a 4% increase in average ticket and 1% increase in comparable transactions.
International comparable store sales increased 7%, driven by a 11% increase in comparable transactions and 3% decline in average ticket.
The company opened 549 net new stores in Q1, ending the period with 38,587 stores.
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
Fiscal 2024 financial targets will be discussed during the Q1 FY24 earnings conference call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income