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Sep 27, 2020
Starbucks Q4 2020 Earnings Report
Starbucks' Q4 2020 earnings reflected a faster-than-expected recovery in the U.S. and China, with global comparable store sales declining by 9%.
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
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
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