Starbucks Q2 2023 Earnings Report
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
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