Starbucks Q2 2022 Earnings Report
Key Takeaways
Starbucks reported a 15% increase in consolidated net revenues, reaching a Q2 record of $7.6 billion. Global comparable store sales rose by 7%, driven by growth in North America and U.S. Non-GAAP EPS was $0.59, impacted by lockdowns in China and inflationary headwinds.
Global comparable store sales increased 7%, with growth in average ticket and transactions.
North America and U.S. comparable store sales increased 12%, driven by higher average ticket and transactions.
The company opened 313 net new stores, bringing the global store count to 34,630.
Starbucks Rewards loyalty program active members in the U.S. increased by 17% to 26.7 million.
Starbucks
Starbucks
Starbucks Revenue by Segment
Starbucks Revenue by Geographic Location
Forward Guidance
The company will discuss fiscal year 2022 financial targets during its Q2 FY22 earnings conference call starting today at 2:00 p.m. Pacific Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income