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Apr 02, 2023
Starbucks Q2 2023 Earnings Report
Starbucks' Q2 2023 financial performance reflected strong global revenue growth and increased comparable store sales.
Key Takeaways
Starbucks reported a 14% increase in consolidated net revenues, reaching $8.7 billion. Global comparable store sales rose by 11%, driven by transaction growth and average ticket increases. GAAP EPS was $0.79, while non-GAAP EPS was $0.74, reflecting stronger-than-expected performance globally.
Global comparable store sales increased 11%, driven by transaction and ticket growth.
North America comparable store sales increased 12%, with growth in both transactions and average ticket.
International comparable store sales increased 7%, with China showing a 3% increase.
The company opened 464 net new stores, bringing the total global store count to 36,634.
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 2023 financial targets during its Q2 FY23 earnings conference call starting today at 2:00 p.m. Pacific Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income