Starbucks Q4 2020 Earnings Report
Key Takeaways
Starbucks reported Q4 fiscal 2020 results with a consolidated net revenue of $6.2 billion, an 8% decrease year-over-year. Global comparable store sales declined by 9%, though there was a recovery in the U.S. and China markets. GAAP EPS was $0.33, while non-GAAP EPS was $0.51.
Global comparable store sales decreased by 9%, driven by a decline in comparable transactions, partially offset by an increase in average ticket.
Americas and U.S. comparable store sales decreased by 9%, with a significant decrease in comparable transactions offset by a substantial increase in average ticket.
International comparable store sales were down 10%, while China comparable store sales decreased by 3%.
The company opened 480 net new stores in Q4, resulting in a 4% year-over-year unit growth, with a total of 32,660 stores globally.
Starbucks
Starbucks
Starbucks Revenue by Segment
Starbucks Revenue by Geographic Location
Forward Guidance
Starbucks provided fiscal year 2021 guidance, including global comparable store sales growth of 18% to 23% and consolidated revenue of $28.0 billion to $29.0 billion.
Positive Outlook
- Global comparable store sales growth of 18% to 23%.
- Americas and U.S. comparable store sales growth of 17% to 22%.
- International comparable store sales growth of 25% to 30%.
- China comparable store sales growth of 27% to 32%.
- Consolidated revenue of $28.0 billion to $29.0 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income