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Jun 30, 2024
Starbucks Q3 2024 Earnings Report
Starbucks' Q3 2024 financial performance reflected a slight revenue decline, offset by strategic action plans amidst continued headwinds.
Key Takeaways
Starbucks reported a 1% decrease in consolidated net revenues, totaling $9.1 billion. Global comparable store sales declined by 3%, influenced by a 5% decrease in comparable transactions. GAAP and non-GAAP EPS both stood at $0.93.
Global comparable store sales decreased by 3%, driven by a 5% decline in transactions.
North America comparable store sales decreased by 2%, with a 6% decline in comparable transactions.
International comparable store sales decreased by 7%, influenced by a 4% decline in average ticket.
The company opened 526 net new stores, bringing the total to 39,477 stores worldwide.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company will discuss fiscal year 2024 financial targets during its Q3 FY24 earnings conference call starting today at 2:00 p.m. Pacific Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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